MPC Container Ships ASA reports Q1 2018 results
MPC Container Ships ASA (together with its subsidiaries the “Group”) today published its interim financial report for the three-month period ended 31 March 2018. Although the Group is still in the start-up phase of its operation it succeeded in realizing a net profit of USD 0.5 million for Q1 2018 (Q4 2017: USD -2.1 million). - Total revenues in Q1 2018 were USD 28.3 million, compared to USD 13.2 million in Q4 2017.- EBITDA was USD 7.6 million (Q4 2017: USD 0.3 million) and an operating cash flow of USD 4.8 million was realized in the first quarter of 2018 (USD 3.2 million in Q4 2017).