Ardmore Shipping (ASC) Posts Mixed Q4 Results

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Go back to Ardmore Shipping (ASC) Posts Mixed Q4 Results

Ardmore Shipping Corporation Announces Financial Results For The Three And Twelve Months Ended December 31, 2015

February 3, 2016 8:30 AM EST

HAMILTON, Bermuda, Feb. 3, 2016 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced results for the three and twelve months ended December 31, 2015.

Highlights

Reported a net profit of $5.4 million for the three months ended December 31, 2015, or $0.21 basic and diluted earnings per share, as compared to $1.9 million, or $0.07 basic and diluted earnings per share, for the three months ended December 31, 2014. The Company reported EBITDA (see Non-GAAP Measures section below) of $17.1 million for the three months ended December 31, 2015, as compared to $8.0 million for the... More