Globus Maritime (GLBS) Swings to Q1 Loss
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Globus Maritime Limited Reports Financial Results for the Quarter and Year Ended December 31, 2014
April 27, 2015 4:02 PM EDTATHENS, GREECE -- (Marketwired) -- 04/27/15 -- Globus Maritime Limited ("Globus," the "Company," "we," or "our") (NASDAQ: GLBS), a dry bulk shipping company, today reported its unaudited consolidated operating and financial results for the quarter and year ended December 31, 2014.
Financial Highlights Three months ended Year ended December 31, December 31, ------------------ --------------- (Expressed in thousands of U.S dollars except for daily rates and per share data) 2014 2013 2014 2013 -------- -------- ------- ------- Net revenue (1) 4,381 6,885 22,124 26,542 Adjusted EBITDA (2) 1,430 3,923 9,938 14,115 Total comprehensive income 3,175 4,298 3,212 5,677 Basic & diluted income per share(3) 0.30 0.40 0.29 0.52 Impairment reversal 3,954 2,710 2,240 1,679 Total comprehensive (loss)/income adjusted for impairment reversal (779) 1,588 972 3,998 Basic & diluted (loss)/earnings per share adjusted for... More
