Press Release: TEN, Ltd. Reports Profits for the First Quarter 2024 and Sets Date for First Common Share Semi-Annual Dividend of $0.60
Dow Jones
Jun 20, 2024
a result of calculating revenue on a loading to discharge
basis, compared to 164 days lost for the first quarter
of 2023.
(ii) Vessel overhead costs are General & Administrative
expenses, which also include Management fees, Stock
compensation expense and Management incentive award.
(iii) Operating expenses per ship per day which exclude
Management fees, General & Administrative expenses,
Stock compensation expense and Management incentive
award.
(iv) Adjusted EBITDA. See above for reconciliation
to net income.
Non-GAAP financial measures should be viewed in addition
to and not as an alternative for, the Company's reported
results prepared in accordance with GAAP.
The Company does not incur corporation tax.
(END) Dow Jones Newswires
June 20, 2024 08:55 ET (12:55 GMT)
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