Golden Ocean Group (GOGL) Tops Q1 EPS by 7c

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GOGL - First Quarter 2015 Results

May 28, 2015 3:05 AM EDT

HAMILTON, Bermuda, May 28, 2015 (GLOBE NEWSWIRE) --

Highlights

In this report, the Company is defined as Knightsbridge Shipping Limited prior to the Merger on 31 March 2015, and the combined company, renamed to Golden Ocean Group Limited, following the Merger with the Former Golden Ocean.

Knightsbridge completed the merger with the Former Golden Ocean on March 31, 2015 and was renamed Golden Ocean Group Limited. The Company reports a net loss of $15.3 million and a loss per share of $0.18, excluding vessel impairment loss and bargain purchase gain, for the first quarter of 2015... More