MPC Container Ships ASA reports Q1 and three-month 2021 results

Q1 and three-month 2021 results:
MPC Container Ships ASA ("MPCC" or the "Company", together with its subsidiaries the "Group") today published its unaudited financial report for the three-month period ended 31 March 2021.
 Total revenue was USD 54.9 million in Q1 2021 (Q4 2020: USD 45.6 million).
EBITDA was USD 22.3 million in Q1 2021 (Q4 2020: USD 4.5 million).
Net profit was USD 3.5 million in Q1 2021 (Q4 2020: net loss of USD 18.4 million).
Utilization was 99.2% in Q1 2021 (Q4 2020: 97.0%).
Average time charter equivalent ("TCE") was USD 10,502 per day in Q1 2021 (Q4 2020: USD 8,115 per day).
Cash and cash equivalents stood at USD 48.1 million as at 31 March 2021. As at the same date, the Group has an equity ratio of 56.2% and a leverage ratio of 41.1%.

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