 Nel primo trimestre di quest'anno la statunitense International Shipholding Corporation ha riportato un passivo netto di 920mila dollari, contro un passivo netto di 5,4 milioni di dollari nel primo trimestre del 2001. I ricavi sono ammontati a 58,7 milioni di dollari (77,1 milioni nel primo trimestre 2001).
Il miglioramento del risultato netto è stato determinato dalla cessione di alcune attività, comprese tre navi LASH; cessioni che - ha reso noto - la compagnia proseguiranno anche nel corso del secondo trimestre.
International Shipholding Corporation
First Quarter Results
(Source: International Shipholding Corporation)
| Three Months Ended
|
| Mar. 31,
2002
| Mar. 31,
2001 |
| ----------- | ----------- |
| Revenues | $58,719 | $77,118 |
| Subsidy Revenue | 3,015 |
3,281 |
| ----------- | ----------- |
| 61,734 | 80,399 |
| ----------- | ----------- |
| Operating Expenses: | |
|
| Voyage Expenses | 49,693 |
63,453 |
| Vessel and Barge Depreciation | 4,830 | 9,307 |
| Impairment Loss | 54 | 2,355 |
| ----------- | ----------- |
| Gross Voyage Profit | 7,157 | 5,284 |
| ----------- | ----------- |
| Administrative and General Expenses | 4,446 | 5,996 |
| Loss on Sale of Vessel/Other Assets | 20 | 66 |
| ----------- | ----------- |
| Operating Income (Loss) | 2,691 | (778) |
| ----------- | ----------- |
| Interest: | |
|
| Interest Expense | 4,620 |
7,834 |
| Investment Income | (312) |
(328) |
| ----------- | ----------- |
| 4,308 | 7,506 |
| ----------- | ----------- |
| Loss Before Benefit for Income Taxes, Equity in Net Income of Unconsolidated Entities, and Extraordinary Item | (1,617) | (8,284) |
| ----------- | ----------- |
| Benefit for Income Taxes | (559) | (2,785) |
| ----------- | ----------- |
| Equity in Net Income of Unconsolidated Entities (Net of Applicable Taxes) | 169 | 146 |
| ----------- | ----------- |
| Loss Before Extraordinary Item | (889) | (5,353) |
| ----------- | ----------- |
| Extraordinary Loss on Early Extinguishment of Debt (Net of Income Tax Provision of $17) | (31) | - |
| ----------- | ----------- |
| Net Loss | $(920) | $(5,353) |
| =========== | =========== |
| Basic and Diluted Loss Per Share: |
| |
| Net Loss | $(0.15) | $(0.88) |
| =========== | =========== |
| Weighted Average Shares of Common Stock Outstanding | 6,082,887 | 6,082,887 |
| Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) | $10,353 | $16,657 |
|
|
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