Ardmore Shipping (ASC) Tops Q3 EPS by 14c

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Go back to Ardmore Shipping (ASC) Tops Q3 EPS by 14c

Ardmore Shipping Corporation Announces Financial Results For The Three And Nine Months Ended September 30, 2015

October 27, 2015 7:30 AM EDT

HAMILTON, Bermuda, Oct. 27, 2015 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced results for the three and nine months ended September 30, 2015.

Highlights

Reported a net profit of $13.6 million for the three months ended September 30, 2015, or $0.52 basic and diluted earnings per share, as compared to $0.1 million, or $0.004 basic and diluted earnings per share, for the three months ended September 30, 2014. The company reported EBITDA (see Non-GAAP Measures section below) of $24.5 million for the three months ended September 30, 2015, an increase of $18.7 million from $5.8 million for the... More