Seanergy Maritime Holdings Corp. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2018

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Go back to Seanergy Maritime Holdings Corp. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2018

Seanergy Maritime (SHIP) Reports Q3 Loss of $0.15, Revenues Beat

November 29, 2018 8:02 AM EST

Seanergy Maritime (NASDAQ: SHIP) reported Q3 EPS of ($0.15), versus $0.00 reported last year. Revenue for the quarter came in at $26.4 million versus the consensus estimate of $14.47 million.

Stamatis Tsantanis, the Companys Chairman & Chief Executive Officer, stated:

During the third quarter of 2018, the Capesize market conditions improved significantly and that was reflected in the operational performance of our fleet. Our net revenues for the quarter were $26.4 million, our adjusted EBIDTA was $10.1 million and our adjusted net income was $1.3 million. Our average Capesize TCE for the third quarter of 2018 was $18,244 per... More