Golden Ocean Group Limited (GOGL) Misses Q2 EPS by 4c

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Go back to Golden Ocean Group Limited (GOGL) Misses Q2 EPS by 4c

GOGL - Second Quarter 2016 Results

August 24, 2016 2:47 AM EDT

HAMILTON, 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