American Shipping Company ASA - Third quarter 2021 results
Lysaker, 19 November 2021, American Shipping Company ASA (“AMSC” or the “Company”) announces results for the third quarter ending 30 September 2021. HIGHLIGHTS · Stable Q3 financial performance with bareboat revenue of USD 22.3 million, normalized EBITDA of USD 22.3 million and adjusted net profit of USD 5.0 million · Declared Q3 dividend of USD 0.12 per share, an increase of 20% compared to Q2 and supported by the Company’s free cash flow · Backlog of secured bareboat revenue of USD 170 million with average weighted tenor of 1.9 years AMSC CEO, Pål Lothe Magnussen comments,