Golden Ocean Group Limited (GOGL) Tops Q3 EPS by 11c

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GOGL – Q3 2020 Presentation

November 19, 2020 5:39 AM EST

Please find enclosed the presentation of Golden Ocean Group Limiteds third quarter 2020 results for todays webcast / conferance call at 15:00 CET.

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GOGL – Third Quarter 2020 Results

November 19, 2020 2:06 AM EST

Golden Ocean Group Limited (NASDAQ: GOGL / OSE: GOGL) (the Company or Golden Ocean), a leading dry bulk shipping company, today announced its results for the quarter ended September 30, 2020.

Highlights

           Net income of $39.1 million and earnings per share of $0.27 for the third quarter of 2020 compared with net loss of $41.3 million and loss per share of $0.29 for the second quarter of 2020.

           Adjusted EBITDA of $76.7 million for the third quarter of 2020, compared with $4.2 million for the second quarter of 2020.

           Signed loan agreement in November 2020 to... More