|
|
Article: Aries Maritime Announces Preliminary Results for Second Quarter 2008.(Financial report)
- Article from:
- Science Letter
- Article date:
- September 23, 2008
CopyrightCOPYRIGHT 2008 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Aries Maritime Transport Limited (NASDAQ: RAMS) announced that it
expects to report net income of $13.1 million, or $0.46 per basic and diluted common share, for the second quarter of 2008, which includes a $13.6 million gain on the sale of three vessels. The Company expects to report revenues of
$19.3 million and net operating income of approximately $2.1 million from continuing operations for the three months ended June 30, 2008 (see also Aries Maritime Transport Ltd).
Aries also announced it has suspended payment of its quarterly dividend, effective immediately. The decision follows the new management's strategic review of the Company's ...