This estimate was as close to the actual results as it could be.
Baltic Trading Limited Announces Second Quarter Financial Results
Declares $0.01 per Share Dividend for Q2 2014
NEW YORK, July 30, 2014 /PRNewswire/ -- Baltic Trading Limited (NYSE: BALT) ("Baltic Trading" or the "Company") today reported its financial results for the three and six months ended June 30, 2014.
The following financial review discusses the results for the three and six months ended June 30, 2014 and June 30, 2013.
Second Quarter 2014 and Year-to-Date Highlights
Declared a $0.01 per share dividend payable on or about August 21, 2014 to all shareholders of record as of August 14, 2014 based on Q2 2014 results; and
Recorded a net loss of $5.7 million, or $0.10 basic and diluted net loss per share for the second quarter.
Financial Review: 2014 Second Quarter
The Company recorded a net loss for the second quarter of 2014 of $5.7 million, or $0.10 basic and diluted net loss per share. Comparatively, for the three months ended June 30, 2013, the Company recorded a net loss of $4.6 million, or $0.19 basic and diluted net loss per share.
EBITDA was $1.0 million for the three months ended June 30, 2014 versus $91,000 for the three months ended June 30, 2013.
John C. Wobensmith, President and Chief Financial Officer, commented, "During the second quarter, we continued to implement our fleet deployment strategy that provides the ability to drive future performance upon improvement in the prevailing freight rate environment. For the second quarter, we declared a dividend of $0.01 per share, increasing the cumulative dividend declared by the Company to $1.11 per share since going public in March 2010....
NYFEX Estimate for $BALT Net Loss $5.8 million, EPS ($0.10), EBITDA $1.1 million, Projected Dividend $0.01 http://t.co/GJqHuyunTs
— Lambros Papaeconomou (@NYFEX) July 24, 2014
Baltic Trading Limited Announces Second Quarter Financial Results
Declares $0.01 per Share Dividend for Q2 2014
NEW YORK, July 30, 2014 /PRNewswire/ -- Baltic Trading Limited (NYSE: BALT) ("Baltic Trading" or the "Company") today reported its financial results for the three and six months ended June 30, 2014.
The following financial review discusses the results for the three and six months ended June 30, 2014 and June 30, 2013.
Second Quarter 2014 and Year-to-Date Highlights
Declared a $0.01 per share dividend payable on or about August 21, 2014 to all shareholders of record as of August 14, 2014 based on Q2 2014 results; and
Recorded a net loss of $5.7 million, or $0.10 basic and diluted net loss per share for the second quarter.
Financial Review: 2014 Second Quarter
The Company recorded a net loss for the second quarter of 2014 of $5.7 million, or $0.10 basic and diluted net loss per share. Comparatively, for the three months ended June 30, 2013, the Company recorded a net loss of $4.6 million, or $0.19 basic and diluted net loss per share.
EBITDA was $1.0 million for the three months ended June 30, 2014 versus $91,000 for the three months ended June 30, 2013.
John C. Wobensmith, President and Chief Financial Officer, commented, "During the second quarter, we continued to implement our fleet deployment strategy that provides the ability to drive future performance upon improvement in the prevailing freight rate environment. For the second quarter, we declared a dividend of $0.01 per share, increasing the cumulative dividend declared by the Company to $1.11 per share since going public in March 2010....
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