Pioneer Marine Inc. first quarter 2016 results

For the first quarter of 2016 the Company reported a net loss of $13.9 million, or $0.46 basic and diluted per share which includes charges amounting to $8.7 million as a result of the termination of five newbuilding contracts (“newbuilding contract termination agreement”).

Excluding these charges, the Company’s adjusted net loss for the first quarter of 2016 is $5.3 million or $0.17 per share basic and diluted.

Download PDF