Ardmore Shipping (ASC) Misses Q1 EPS by 1c

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Go back to Ardmore Shipping (ASC) Misses Q1 EPS by 1c

Ardmore Shipping Corporation Announces Financial Results For The Three Months Ended March 31, 2016

May 4, 2016 8:31 AM EDT

HAMILTON, Bermuda, May 4, 2016 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced results for the three months ended March 31, 2016.

Highlights

Reported a net profit of $6.7 million for the three months ended March 31, 2016, or $0.26 basic and diluted earnings per share, as compared to $5.1 million, or $0.20 basic and diluted earnings per share, for the three months ended March 31, 2015. The Company reported EBITDA (see Non-GAAP Measures section below) of $18.8 million for the three months ended March 31, 2016, as compared to $12.2 million for the three months... More