MPC Container Ships reports Q1 2023 results
Highlights · Strong operating revenues of USD 180.1 million (+26.0% YOY) including non-recurring items of USD 25.2 million from the commercial agreement for early redelivery of the vessel AS Carlotta in January 2023 · Adj. EBITDA excl. non-recurring items was USD 110.7 million, an increase of 11.5% from Q1 2022 despite a smaller total fleet, driven by higher average TCE per day · Profit for the period was USD 119.7 million. Adj. for non-recurring items, the profit for the period was USD 88.9 million, up 13.5% from USD 78.3 million in Q1 2022 · EPS was USD 0.23 and adj. EPS was