Last $1.62 USD
Change Today +0.015 / 0.94%
Volume 1.1K
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As of 8:10 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

globus maritime limited (GLBS) Key Developments

Globus Maritime Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Globus Maritime Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s revenue was $6.3 million against $7.6 million a year ago. The 17% decrease in revenue was mainly attributed to the decrease in the average time charter rates achieved by the company's vessels during the third quarter of 2014 compared to the same period in 2013. Total comprehensive income was $0.2 million or $0.02 basic earnings per share against total comprehensive income of to $1.2 million or $0.12 basic earnings per share a year ago. Net revenue was $5.415 million against $6.899 million a year ago. Operating profit before financing activities was $0.662 million against $1.915 million a year ago. Adjusted EBITDA was $2.430 million against $3.603 million a year ago. Net cash generated from operating activities was $1.994 million against $2.413 million a year ago. For the nine months, the company’s revenue was $20.9 million against $21.9 million a year ago. Total comprehensive income was $0.037 million or $0.02 basic loss per share against total comprehensive income of $1.4 million or $0.12 basic earnings per share a year ago. If adjusted for the $1.7 million impairment loss, total adjusted comprehensive income was $1.8 million or 0.15 basic earnings per share against $2.4 million or $0.22 basic earnings per share a year ago. Net revenue was $17.743 million against $19.657 million a year ago. Operating profit before financing activities was $1.634 million against $3.533 million a year ago. Adjusted EBITDA was $8.508 million against $10.192 million a year ago. Net cash generated from operating activities was $9.287 million against $8.939 million a year ago.

Globus Maritime Limited to Report Q3, 2014 Results on Dec 05, 2014

Globus Maritime Limited announced that they will report Q3, 2014 results After-Market on Dec 05, 2014

Globus Maritime Limited, Q3 2014 Earnings Call, Dec 08, 2014

Globus Maritime Limited, Q3 2014 Earnings Call, Dec 08, 2014

Globus Maritime Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Month Ended June 30, 2014; Announces Impairment Charges for the Second Quarter Ended June 30, 2014

Globus Maritime Limited reported unaudited consolidated earnings results for the second quarter and six month ended June 30, 2014. For the quarter, the company reported revenue of $7,198,000 against $6,849,000 a year ago. The 6% increase in revenue was mainly attributed to the 4% increase in operating days from 593 during the second quarter of 2013 to 619 days during the quarter under discussion. Net revenue was $6,100,000 against $5,827,000 a year ago. Operating loss before financing activities was $736,000 against $497,000 a year ago. Total comprehensive loss for the period was $1,241,000 against $1,133,000 a year ago. Basic & diluted loss per share for the period was $0.14 against $0.13 a year ago. Adjusted EBITDA was $2,689,000 against $2,489,000 a year ago. Net cash generated from operating activities was $4,485,000 against $3,177,000 a year ago. For the six months, the company reported revenue of $14,607,000 against $14,256,000 a year ago. The 2% increase in revenue was mainly attributed to the 2% increase in operating days from 1,220 during the first half of 2013 to 1,248 days during the first half of 2014. Net revenue was $12,328,000 against $12,758,000 a year ago. Operating income before financing activities was $972,000 against $1,618,000 a year ago. Total comprehensive loss for the period was $159,000 against total comprehensive income for the period of $187,000 a year ago. Basic & diluted loss per share for the period was $0.04 against $0.00 a year ago. Adjusted EBITDA was $6,078,000 against $6,589,000 a year ago. Net cash generated from operating activities was $7,293,000 against $6,526,000 a year ago. For the quarter, the company reported impairment loss of $1,714,000 against $1,031,000 a year ago.

Globus Maritime Limited to Report Q2, 2014 Results on Sep 10, 2014

Globus Maritime Limited announced that they will report Q2, 2014 results at 5:00 PM, GTB Standard Time on Sep 10, 2014

 

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Valuation GLBS Industry Range
Price/Earnings 28.6x
Price/Sales 4.0x
Price/Book 1.9x
Price/Cash Flow 7.6x
TEV/Sales 2.8x
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