Ardmore Shipping (ASC) Misses Q1 EPS by 3c, Revenue Beats

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Ardmore Shipping Corporation Announces Financial Results For The Three Months Ended March 31, 2018

May 2, 2018 7:00 AM EDT

HAMILTON, Bermuda, May 2, 2018 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company" or "we") today announced results for the three months ended March 31, 2018.

Highlights and Recent Activity

Reported a net loss of $5.2 million for the three months ended March 31, 2018, or $0.16 basic and diluted loss per share, as compared to a net loss of $2.2 million, or $0.06 basic and diluted loss per share, for the three months ended March 31, 2017. The Company reported EBITDA (see Non-GAAP Measures section below) of $9.9 million for the three months ended March 31,... More