Golden Ocean Clocks 27% Income Decline In Q3, Declares Dividend

2

[ad_1]

  • Golden Ocean Group Ltd (NASDAQ: GOGL) reported a third-quarter FY22 gross sales decline of 27.2% year-on-year to $282.05 million.

  • Reported TCE charges for Capesize and Panamax/Ultramax vessels of $22,658 per day and $23,562 per day, respectively in Q3.

  • The working bills elevated 18.7% Q/Q to $202.2 million.

  • The working margin was 36%, and working earnings for the quarter fell 34.7% Q/Q to $101.6 million.

  • The corporate held $132.3 million in money and equivalents as of September 30, 2022. Money offered by working actions totaled $98.7 million.

  • Adjusted EBITDA for the quarter fell 38.3% sequentially to $118.2 million.

  • EPS was $0.52 versus $0.97 a 12 months in the past.

  • The corporate introduced a money dividend of $0.35 per share for Q3, payable on or about December 5, 2022, to shareholders of document on November 28, 2022.

  • In October 2022, the corporate launched a share buy-back program of as much as $100.0 million for a interval as much as 12 months, commencing October 4, 2022.

  • Worth Motion: GOGL shares are buying and selling decrease by 12% at $8.51 on the final verify Wednesday.

See extra from Benzinga

Do not miss real-time alerts in your shares – be part of Benzinga Professional without cost! Strive the device that can aid you make investments smarter, quicker, and higher.

© 2022 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.

[ad_2]
Source link