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Operating loss of $97.6 million. Excluding the impairment charge of $101.5 million, operating loss would have amounted to an operating income of $3.9 million. Revenues of $21.2 million. For the six months ended June 30, 2011, the Company reported: Net loss of $105.8 million or $33.36 per share. Operating loss of $96.3 million. Excluding the impairment charge of $101.5 million, operating loss would have amounted to an operating income of $5.2 million. Revenues of $43.6 million. Evangelos J. Pistiolis, President and Chief Executive Officer of TOP Ships Inc., commented: We expect dry bulk vessel values and charter rates to remain low. The time charters of the two vessels sold were close to their expiry and rechartering rates were below breakeven rates. Detailed report at: www.topships.org Top Ships Press Release |
TOP SHIPS Inc. Reports Second Quarter