MPC Container Ships ASA Reports Q3 and Nine Month 2018 Results

MPC Container Ships ASA Reports Q3 and Nine Month 2018 Results

PR Newswire

OSLO, Norway, Nov. 30, 2018

- Fleet ramp-up completed: all 69 vessels taken over end-of Q3 2018

- Q3 2018 EBITDA USD 14.6 million. Q3 YTD 2018 EBITDA USD 35.8 million

- Q3 2018 net profit USD 1.2 million. Q3 YTD 2018 net profit USD 3.5 million

OSLO, Norway, Nov. 30, 2018 /PRNewswire/ --Q3 and nine month 2018 results:

MPC Container Ships ASA ("MPCC" or the "Company", together with its subsidiaries the "Group") today published its interim financial report for the nine-month period ended 30 September 2018. The Group succeeded in realising a net profit of USD 3.5 million for Q1 – Q3 2018.

As of 30 September 2018, the Group has acquired and taken over 69 container vessels, whereof 61 are fully consolidated and eight are operated in a joint venture.

Q3 and nine month 2018 earnings call: 

The Company will host a webcast for the presentation of the Q3 and nine month 2018 results commencing on 30 November 2018 at 15:00 hours CET. The presentation will be made available on the Company's webpage (www.mpc-container.com/#IR) from 12:00 hours CET. There will be a Q&A session after the presentation.

The webcast can be accessed through the following link:

https://digital.vevent.com/index.jsp?eid=8329&seid=18

Please note that for optimal viewing, it is recommended not to use VPN, but instead to connect directly to the internet. Please disable pop-up blockers in order to view the content in its entirety.

This event is being streamed. It is recommended that you listen via your computer speakers.

International/Toll Attendee Dial In: +44 (0) 2071928000

Conference ID: 2281855

Contemplated share buy-back programme: 

Due to current market conditions, the Company intends to explore a share buy-back programme and to present a detailed plan of progress in an extraordinary general meeting in early 2019. A summon to an extraordinary general meeting will follow in due course.

Further information and contact:

ir@mpc-container.com 

About MPC Container Ships ASA:

MPC Container Ships ASA (ticker code "MPCC") was formed in April 2017. Its main activity is to own and operate a portfolio of container ships with a focus on the feeder segment between 1,000 and 3,000 TEU. The Company is registered and has its business office in Oslo, Norway. For more information, please see our webpage: www.mpc-container.com 

This information was brought to you by Cision http://news.cision.com

http://news.cision.com/mpc-container-ships-asa/r/mpc-container-ships-asa-reports-q3-and-nine-month-2018-results,c2686913

The following files are available for download:

http://mb.cision.com/Public/17513/2686913/af89684befa6231f.pdf

181130 MPCC - Q3 2018 Report

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