Ardmore shipping corporation announces financial results for the three months ended march 31, 2022

Hamilton, bermuda, may 4, 2022 /prnewswire/ -- ardmore shipping corporation (nyse: asc) ("ardmore", the "company" or "we") today announced results for the three months ended march 31, 2022. highlights and recent activity reported a net loss of $7.9 million for the three months ended march 31, 2022, or $0.23 loss per basic and diluted share, which includes $6.9 million in respect of the loss on the vessels held for sale as part of the sale and time charter-back transaction described below; adjusted for these costs (see adjusted (loss) / earnings in the non-gaap measures section) are $0.9 million, or a $0.03 adjusted loss per basic and diluted share.
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