Nordic Shipholding A/S reported consolidated earnings results for the first quarter ended March 31, 2019. For the quarter, the company reported total revenue of $9,803,000 against $9,032,000 a year ago. Time charter equivalent revenue (TCE revenue) was $7,117,000 against $5,913,000 a year ago. Operating result was $1,843,000 against operating loss of $20,000 a year ago. Result after tax was $449,000 compared to loss after tax of $918,000 a year ago. Earnings per share was $0.11 against loss per share of $0.23 a year ago.

The outlook for 2019 remains unchanged as indicated in the 2018 annual report. The TCE revenue generated in the first quarter of 2019 tracked generally the forecasts provided by the respective pool managers. Together with the projected TCE revenue for the remaining 9 months, forecasted TCE revenue for 2019 is maintained in the region of $23.0 million ­ $26.0 million.