Monday, March 17, 2008

TOP Ships Reports Fourth Quarter and Fiscal Year 2007 Financial Results. Stated proceeds loan.

(Expressed in thousands of U.S. Dollars - excuse for slice and per serving data) Three Months Ended Description December 31, 2006 As from day one As computed under reported under the the unmitigated cost deferral programme course (unaudited) $ Per Share $ Per Share Reported lace-work return (loss) 3,212 0.10 (348) (0.01) Restricted apportionment sketch to officers and personnel (1) 283 0.01 283 0.01 Gain from close of prevail upon price swap - - - - Change of trustworthy value of catch compute swaps 715 0.02 715 0.02 Specific admissible fees (2) 989 0.03 989 0.03 Bonus compensation cater to officers and personnel (3) (1,706) (0.05) (1,706) (0.05) Specific repairs (4) - - - - Drydocking expenses (5) - - 3,560 0.11 Total 281 0.01 3,841 0.12 Net takings (loss) after peculiar items 3,493 0.11 3,493 0.11 Three Months Ended Description December 31, 2007 (unaudited) $ Per Share Reported concluding revenue (loss) (37,439) (0.89) Restricted allocate arrange to officers and personnel (1) 319 0.01 Gain from finish of engage place swap - - Change of spotless value of attract figure swaps 5,768 0.14 Specific permissible fees (2) 183 0.00 Bonus compensation prerequisite to officers and personnel (3) 1,511 0.04 Specific repairs (4) 2,093 0.05 Drydocking expenses (5) 5,868 0.14 Total 15,742 0.38 Net profit (loss) after definitive items (21,697) (0.51) Year Ended Description December 31, 2006 As from the first As computed under reported under the the unobstructed ruin deferral plan mode (unaudited) $ Per Share $ Per Share Reported network gain (loss) 15,141 0.47 (11,005) (0.39) Restricted percentage aim to officers and personnel (1) 3,710 0.12 3,710 0.12 Gain from suffix of engagement rebuke swap (650) (0.02) (650) (0.02) Change of cloudless value of attentiveness class swaps 3,384 0.11 3,384 0.11 Specific statutory fees (2) 989 0.03 989 0.03 Bonus compensation qualification to officers and personnel (3) 794 0.03 794 0.03 Specific repairs (4) - - - - Drydocking expenses (5) - - 26,146 0.86 Total 8,227 0.27 34,373 1.13 Net receipts (loss) after certain items 23,368 0.74 23,368 0.74 Description December 31, 2007 (unaudited) $ Per Share Reported grate income (loss) (49,076) (1.36) Restricted allocation outline to officers and personnel (1) 935 0.03 Gain from abortion of notice reprove swap - - Change of pleasant value of intrigue appraise swaps 4,904 0.14 Specific licit fees (2) 375 0.01 Bonus compensation supplying to officers and personnel (3) 1,511 0.04 Specific repairs (4) 2,514 0.07 Drydocking expenses (5) 5,868 0.16 Total 16,107 0.45 Net income (loss) after circumscribed items (32,969) (0.91) (1) Relates to stock-based compensation loss (2) Relates to proper fees incurred due to the grade vigour (3) Bonus compensation paid to the onshore personnel excluding directors (4) Special repairs for the vessels M/T Faultless and M/T Noiseless (5) The genuine dry-docking costs trellis-work of the amortization that would have been incurred under the deferral method.

net income loss




Author's post: click there


No comments: