Ardmore Shipping (ASC) Tops Q1 EPS by 5c

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Go back to Ardmore Shipping (ASC) Tops Q1 EPS by 5c

Ardmore Shipping Corporation Announces Financial Results for the Three Months Ended March 31, 2015

May 5, 2015 8:31 AM EDT

HAMILTON, Bermuda--(BUSINESS WIRE)-- Ardmore Shipping Corporation (NYSE: ASC) (Ardmore or the Company) today announced results for the three months ended March 31, 2015.

Highlights

Reported EBITDA (see Non-GAAP Measures section below) of $12.2 million for the three months ended March 31, 2015, an increase of $8.2 million from $4.0 million for the three months ended March 31, 2014. The Company reported a net profit of $5.1 million for the three months ended March 31, 2015, or 20 cents basic and diluted earnings per share, as compared to a net loss of $0.4 million, or 2 cents basic and diluted net loss per share, for the three... More