Nordic American Offshore Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
June 06, 2018 at 09:17 pm
Nordic American Offshore Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net charter revenue of USD 2,815,000 compared to USD 3,502,000 a year ago. Net operating loss was USD 8,335,000 compared to USD 7,445,000 a year ago. Net Loss was USD 9,492,000 or USD 0.15 per basic share compared to USD 8,461,000 or USD 0.25 per basic share a year ago. Net cash used in operating activities was USD 7,053,000. Adjusted net operating loss was USD 4,074,000 compared to USD 3,219,000 a year ago.