Jefferies Cuts Price Target on Golden Ocean Group Limited (GOGL) Following 1Q15 Results

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GOGL - Q1 2015 Presentation

May 28, 2015 8:28 AM EDT

Oslo, May 28, 2015 (GLOBE NEWSWIRE) -- Please find enclosed the presentation of Golden Ocean Group Limited's first Quarter 2015 Results to be held on May 28, 2015 at 15:00 CET.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Q1 2015 Presentation... More

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