Golden Ocean Group Limited (GOGL) Misses Q1 EPS by 10c
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GOGL - First Quarter 2016 Results
May 24, 2016 2:28 AM EDTHAMILTON, Bermuda, May 23, 2016 (GLOBE NEWSWIRE) --
Highlights
·         The Company reports a net loss of $68.2 million and a loss per share of $0.22 for the first quarter of 2016. Excluding impairment, mark to market loss on interest rate derivatives and other one-off effects, the net loss is $41.5 million. ·         In January 2016, the Company took delivery of Golden Barnet, Golden Bexley, Golden Scape and Golden Swift, two Capesize and two Newcastlemax dry bulk newbuildings. ·         In January 2016, the Company entered into a Capesize revenue sharing agreement with three other owners of Capesize vessels. ·         In February 2016, the Company took delivery of, and simultaneously sold,... More
