Diamond S Shipping Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2019; Provides Earnings Guidance for the Fourth Quarter of 2019
For the nine months, the company reported voyage revenue was $393,477,000 compared to $271,086,000 a year ago. Operating loss was $2,420,000 compared to $30,487,000 a year ago. Net loss was $36,840,000 compared to $56,341,000 a year ago. Net loss per share basic was $0.99 compared to $2.04 a year ago.
Fourth quarter 2019 earnings thus far have improved compared to the third quarter, particularly for the Crude Fleet.