Global Ship Lease (GSL) Reports Q3 Loss of $0.49/Share

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Go back to Global Ship Lease (GSL) Reports Q3 Loss of $0.49/Share

Global Ship Lease Reports Results for the Third Quarter of 2016

October 27, 2016 8:30 AM EDT

LONDON, Oct. 27, 2016 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the Company), a containership charter owner, announced today its unaudited results for the three months and nine months ended September 30, 2016.

Third Quarter and Year To Date Highlights

Reported revenue of $41.2 million for the third quarter 2016. Revenue for the nine months ended September 30, 2016 was $125.1 millionReported net loss(1) of $23.7 million for the third quarter 2016, after a $29.4 million non-cash impairment charge in respect to two vessels.  For the nine months ended September 30, 2016, net loss was $13.1 million after the impairment chargeExcluding... More