Golden Ocean Group Ltd. (GOGL) Posts Q3 GAAP Loss of 24c/Share

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GOGL - Q3 2015 Presentation

November 24, 2015 7:00 AM EST

Hamilton, Bermuda, Nov. 24, 2015 (GLOBE NEWSWIRE) -- Please find enclosed the presentation of Golden Ocean Group Limited's third quarter 20015 Results to be held on Tuesday November 24, 2015 at 14:00 CET.

Q3 2015 Presentation... More

GOGL - Third Quarter 2015 Results

November 24, 2015 2:37 AM EST

HAMILTON, Bermuda, Nov. 24, 2015 (GLOBE NEWSWIRE) -- Highlights

The Company reports negative EBITDA of $3.6 million for the third quarter of 2015 The Company reports a net loss of $40.7 million and a loss per share of $0.24 for the third quarter of 2015. The Company reports a net loss of $151.6 million and a loss per share of $1.05 for the nine months ended September 30, 2015. In August 2015, the Company took delivery of, and sold, one Capesize newbuilding further to an agreement entered into in April 2015. In September 2015, the Company took delivery of one Capesize newbuilding. During the... More