Printer Friendly

ANANGEL-AMERICAN SHIPHOLDINGS ANNOUNCES FIRST QUARTER EARNINGS

 LONDON, Dec. 2 ~PRNewswire~ -- Anangel-American Shipholdings Limited (NASDAQ: ASIPY) today reported first quarter earnings of 22 cents per share for the three months to Sept. 30, 1992 (1991: $0.43). Net income was $3,461,000 (1991: $6,963,000) on revenues of $13,084,000 (1991: $16,261,000) after charging depreciation of $3,040,000 (1991: $2,840,000).
 The board of directors was pleased with these results which were achieved during a period of depressed freight markets and look forward to the company maintaining a satisfactory level of earnings for the remainder of the fiscal year.
 Anangel-American now operates a fleet of 16 dry cargo vessels and one product tanker totalling 695,000 deadweight tons. In addition, the company has three capesize vessels of 160,000 deadweight tons under construction for delivery between July 1993 and January 1994. The company's present policy is to operate only modern, well maintained tonnage; the average age of the company's fleet, all of which is of Japanese construction, is 7-1~2 years.
 -0- 12~2~92
 ~CONTACT: M. Costeletos, vice president of Anangel-American Shipholdings, in Piraeus, 1-422-4500, or in London, 71-828-3388~
 (ASIPY)


CO: Anangel-American Shipholdings Limited ST: IN: MAR SU: ERN

PS -- NY001 -- 2703 12~02~92 06:45 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 30, 1992
Words:209
Previous Article:AJAY IMPROVES THIRD QUARTER AND NINE MONTHS RESULTS
Next Article:DEBIT/CREDIT SYSTEM IS NOW AVAILABLE AT QFC
Topics:


Related Articles
ANANGEL-AMERICAN ANNOUNCES FIRST QUARTER EARNINGS UP 16 PERCENT
ANANGEL-AMERICAN SHIPHOLDINGS ANNOUNCES RESULTS FOR NINE MONTHS ENDED MARCH 31, 1992
ANANGEL-AMERICAN SHIPHOLDINGS LIMITED REPORTED THIRD QUARTER EARNINGS UP 10 PERCENT
ANANGEL-AMERICAN SHIPHOLDINGS LIMITED REPORTED FIRST QUARTER EARNINGS UP 67 PERCENT
ANANGEL-AMERICAN SHIPHOLDINGS LIMITED REPORTS SIX MONTH NET EARNINGS UP 46% AND DECLARES 50 CENTS INTERIM DIVIDEND
ANANGEL-AMERICAN SHIPHOLDINGS LIMITED REPORTS NINE MONTH NET EARNINGS UP 28%
ANANGEL-AMERICAN SHIPHOLDINGS LIMITED REPORTS FIRST QUARTER EARNINGS
ANANGEL-AMERICAN SHIPHOLDINGS LIMITED REPORTS SUBSTANTIALLY IMPROVED FIRST QUARTER EARNINGS
Anangel-American Announces Year End Results And Final Dividend of 25 Cents Per Share
Anangel-American Shipholdings Limited Reports Lower Earnings For Quarter

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters