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Article: DHT Maritime, Inc. Reports Second Quarter 2009 Results.(Financial report)
- Article from:
- China Weekly News
- Article date:
- September 15, 2009
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DHT Maritime, Inc. (NYSE:DHT) announced results for the period from April 1 to June 30, 2009. Total revenues for this period were $26.2 million and net income was $5.0 million, or $0.10 per share (diluted). Effective January 1, 2009, DHT no longer accounts for interest rate swaps as hedges for accounting purposes and as a result, net income for the second quarter of 2009 includes non-cash financial income related to interest rate swaps. Net income adjusted for non-cash financial items related to interest rate swaps was $3.2 million, or $0.07 per share1. Free cash flow from operations after contractual debt service, or net income adjusted for non-cash items, was $9.8 ...