Ardmore Shipping (ASC) Tops Q1 EPS by 6c, Revenues Beat

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Go back to Ardmore Shipping (ASC) Tops Q1 EPS by 6c, Revenues Beat

Ardmore Shipping Corporation Announces Financial Results For The Three Months Ended March 31, 2021

May 5, 2021 8:00 AM EDT

HAMILTON, Bermuda, May 5, 2021 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three months ended March 31, 2021.

Highlights and Recent Activity

Reported a net loss of $8.5 million for the three months ended March 31, 2021, or $0.26 loss per basic and diluted share, which includes unrealized gains on derivatives; losses adjusted for these gains (see Adjusted (loss) / earnings in the Non-GAAP Measures section) are $8.6 million, or $0.26 Adjusted loss per basic and diluted share. This compares to net income and adjusted earnings of... More