Diana Containerships (DCIX) Tops Q1 EPS by 1c

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Diana Containerships Inc. Reports Financial Results for the First Quarter Ended March 31, 2015

May 12, 2015 8:15 AM EDT

ATHENS, Greece, May 12, 2015 (GLOBE NEWSWIRE) -- Diana Containerships Inc. (Nasdaq: DCIX), (the "Company"), a global shipping company specializing in the ownership of containerships, today reported a net loss of $0.5 million for the first quarter of 2015, compared to net income of $0.3 million for the respective period of 2014.

Time charter revenues, net of prepaid charter revenue amortization, were $13.9 million for the first quarter of 2015, compared to $13.5 million for the same period of 2014, mainly due to the decrease of prepaid charter revenue amortization and the increase in ownership days resulting from the enlargement of our fleet,... More