d'Amico International Shipping SA (OTCPK:DMCOF)
$ 6.94 -0.025 (-0.36%) Market Cap: 826.46 Mil Enterprise Value: 969.37 Mil PE Ratio: 4.34 PB Ratio: 1.24 GF Score: 54/100

Q1 2020 d'Amico International Shipping SA Earnings Call Transcript

May 07, 2020 / 12:00PM GMT
Release Date Price: $4.64
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the d'Amico International Shipping First Quarter 2020 Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Paolo d'Amico, CEO of d'Amico International Shipping. Please go ahead, sir.

Paolo d;Amico;Amico International Shipping S.A.;Executive Chairman;CEO
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Hello to everybody. Good afternoon, and thank you for being with us. Let's go straight to the executive summary. Net result, DIS posted a profit of $1.5 million in Q1 of 2020 versus a loss of $5.5 million last year. As an adjusted net result, so excluding nonrecurring and noncash items from both periods, the today result for Q1 2020 is $6.3 million against $4.4 million from last year. Therefore, excluding such nonrecurring effect, this result on Q1 on 2020 would have been $10.7 million higher than the same quarter of last year. And I would like to remember that this represent

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