DryShips Inc. Reports Financial and Operating Results for the Second Quarter of 2019
DRYSHIPS (DRYS)
US:NASDAQ Investor Relations:
dryships.irwebpage.com/ir.html
Company Research
Source: GlobeNewswire
ATHENS, Greece, Sept. 17, 2019 (GLOBE NEWSWIRE) -- DryShips Inc. (NASDAQ:DRYS) (“DryShips” or the “Company”), a diversified owner and operator of ocean going cargo vessels, and through the acquisition of Heidmar Inc. (“Heidmar”), a global tanker pool operator, today announced its unaudited financial and operating results for the quarter ended June 30, 2019. Second Quarter 2019 Financial Highlights For the second quarter of 2019, the Company reported net loss of $12.7 million, or $0.15 basic and diluted losses per share.Included in the second quarter of 2019 results are the following: Vessel dry-docking costs of $5.7 million, or $0.07 per shareVessel impairments of $1.5 million, or $0.02 per share Excluding the above, the Company’s net results would have amounted to a net loss of $5.5 million, or $0.06 per share. The Company reported Adjusted EBITDA of $6.4 million for the second quarter of 2019. ([1]) Other Developments Future Proofing of the Company’s fleet – Update Furthe
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