Golden Ocean Group Limited (GOGL) Misses Q1 EPS by 90c, Revenues Miss
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May 27, 2020 7:57 AM EDT
Please find enclosed the presentation of Golden Ocean Group Limited's first quarter 2020 results for today's webcast / conferance call at 15:00 CET.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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Golden Ocean Q1 2020 Presentation
Source: Golden Ocean Group Limited...
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May 27, 2020 2:00 AM EDT
Golden Ocean Group Limited (NASDAQ: GOGL / OSE: GOGL) (the Company or Golden Ocean), a leading dry bulk shipping company, today announced its results for the quarter ended March 31, 2020.Â
Highlights
     Net loss of $160.8 million, including non-cash adjustments of $125.6 million, for the first quarter of 2020.
     Adjusted EBITDA of $12.3 million for the first quarter of 2020.
     Completed the joint venture agreement with Frontline and Trafigura to establish a leading global supplier of marine fuels in January 2020.
     Completed all 23 planned installations of exhaust gas cleaning systems (scrubbers) leaving insubstantial future capital... More
