Safe Bulkers, Inc. reports 1Q17 results | Dry Bulk
Safe Bulkers, Inc. reports 1Q17 results
The highlights of Safe Bulkers' financial performance are as follows:
Net revenue for the first quarter of 2017 increased by 35% to US$33.3 million from US$24.7 million during the same period in 2016.
Net loss for the first quarter of 2017 was US$3.3 million as compared to US$17.8 million, during the same period in 2016. Adjusted net loss1 for the first quarter of 2017 was US$3.4 million as compared to US$14.4 million, during the same period in 2016.
EBITDA2 for the first quarter of 2017 increased to US$15.4 million compared to US$0.3 million during the same period in 2016. Adjusted EBITDA3 for the first quarter of 2017 increased to US$15.2 million from US$3.8 million during the same period in 2016.
Loss per share4 and Adjusted loss per share4 for the first quarter of 2017 were US$0.07 and US$0.07 respectively, calculated on a weighted average number of shares outstanding of 99,284,181, compared to a Loss per share of US$0.25 and Adjusted loss per share of US$0.21 during the same period in 2016, calculated on a weighted average number of shares outstanding of 83,542,291.
Louise joined Palladian Publications in July 2015, and is currently working as an editorial assistant on World Coal, Dry Bulk and Global Mining Review.
Louise recently graduated from the University of Warwick with a BA in French Language and is currently living in Farnham. Away from work Louise loves travelling, languages, and enjoys hiking, especially around her family home in the hills of Snowdonia.
