Golden Ocean Group Limited (GOGL) Misses Q2 EPS by 4c
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GOGL - Second Quarter 2016 Results
August 24, 2016 2:47 AM EDTHAMILTON, Bermuda, Aug. 24, 2016 (GLOBE NEWSWIRE) --
Highlights
The Company reports a net loss of $39.2 million and a loss per share (adjusted for the 1-for-5 reverse share split) of $0.37 for the second quarter of 2016. The Company reports a net loss of $107.5 million and a loss per share of $1.27 for six months ended June 30, 2016. In May 2016, the Company took delivery of one Capesize newbuilding. In May 2016, the owner of Golden Lyderhorn exercised their option to sell the vessel to the Company. In June 2016, the Company agreed to postpone... More