During 2020 we distributed $67.2 million in cash dividends and repaid our existing loans with a gross amount of $75.5 million. The first half of 2020 was a strong period for NAT The third quarter of 2020 came out positively with a timecharter equivalent of about $25,000 per day per ship The fourth quarter of .
The following main elements in our business stand out at this time:
During 2020 we distributed $67.2 million in cash dividends and repaid our existing loans with a gross amount of $75.5 million.
The first half of 2020 was a strong period for NAT
The third quarter of 2020 came out positively with a timecharter equivalent of about $25,000 per day per ship
The fourth quarter of 2020 was weak
We undertook planned technical maintenance of our ships during softer market periods of 2020
At the time of this report the market has improved and we believe that we are close to a significant positive turnaround
The full year 2020 produced a net income of $50 million or an earning per share (EPS) of $0.34. This is an improvement of about $60 million in 2020 compared to 2019, which produced an EPS of -$0.07.
Nordic American Tankers Limited: Nordic American Tankers Ltd (NYSE: NAT) - The Full Year 2020 & the 4th quarter - 2020 was a good year NAT is a dividend company Good market prospects finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Ocean Yield ASA Reports Fourth Quarter Adjusted Net Profit of $21.6 Million
Ocean Yield ASA announces results for the fourth quarter and preliminary results for the year ending 31st December 2020.
Highlights
The Board of Directors has declared a dividend of USD 5.30 cents per share. This is an increase of USD 0.15 cents compared to the previous quarter and is the 30th consecutive quarterly dividend declared by the Company.
EBITDA for Q4 2020 was USD 46.3 million and EBITDA adjusted for finance lease effects was USD 67.6 million.
Net profit for the period Q4 2020 was negative USD 51.7 million. Adjusted net profit from continuing operations for Q4 2020 was USD 21.6 million.
January 19, 2021
Dear Shareholders and Investors,
Information provided by the New York listed Nordic American Tankers Ltd.
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