American Shipping Company ASA - Second quarter 2021 results
Lysaker, 20 August 2021, American Shipping Company ASA (“AMSC” or the “Company”) announces results for the second quarter ending 30 June 2021. HIGHLIGHTS · Stable Q2 financial performance with bareboat revenue of USD 21.9 million, normalized EBITDA of USD 21.4 million and adjusted net profit of USD 4.0 million · Declared Q2 dividend of USD 0.10 per share, supported by the Company’s free cash flow · Backlog of secured bareboat revenue of USD 192 million with average weighted tenor of 2.2 years · The Company executed a USD 20 million tap issue under the senior unsecured bond