Conference Call details
The Company's management team will host a conference call and simultaneous internet webcast to discuss these results on Tuesday, May 15, 2012, at 9:00 am Eastern Time.
Investors may access the webcast by visiting the Company's website at www.globusmaritime.gr and clicking on the webcast link. Participants may also dial into the call 10 minutes prior to the scheduled time using the following numbers: 1-866-819-7111 (from the US), 0800-953-0329 (from the UK), 00800-4413-1378 (from Greece), or +44 (0)1452-542-301 (all other callers). Please quote "Globus Maritime."
A replay of the conference call will be available until May 22, 2012 by dialling 1-866-247-4222 (from the US), 0800-953-1533 (from the UK), or +44(0)1452 550-000 (all other callers). Access Code: 36407079#. In addition, a replay of the webcast will be available on the Company's website at www.globusmaritime.gr.
SELECTED CONSOLIDATED FINANCIAL & OPERATING DATA Three Months Ended March 31, (Unaudited)(in thousands of U.S. dollars, except per share data) 2012 2011Statement of comprehensive income data:Revenue 9,458 8,461Voyage expenses (149) (995) -------------- --------------Net revenue (1) 9,309 7,466Vessels operating expenses (2,598) (1,583)Depreciation (2,927) (2,273)Depreciation of dry docking costs (157) (3)Amortization of fair value of time charter attached to vessels (452) -Administrative expenses (475) (549)Administrative expenses payable to related parties (143) (277)Share-based payments (270) (90)Other income/(expenses), net 135 (45) -------------- --------------Operating profit before financing activities 2,422 2,646Interest income from bank balances & bank deposits 18 15Interest expense and finance costs (872) (585)Gain on derivative financial instruments 44 99Foreign exchange gains, net 45 7 -------------- --------------Total finance costs, net (765) (464) -------------- --------------Total comprehensive income for the period 1,657 2,182 -------------- -------------- Basic earnings per share for the period 0.16 0.30 Diluted earnings per share for the period 0.16 0.30 Adjusted EBITDA (2) 5,958 4,922
