Golden ocean group q1 adj. ebitda at $12.3 mln

Q1 net loss of $160.8 million, including non-cash adjustments of $125.6 million, for q1 of 2020..q1 adjusted ebitda of $12.3 million for q1 of 2020..due to weak market conditions and a drop in underlying asset values, the company recorded an impairment loss of $94.2 million related to leased vessels in the first quarter of 2020..it is premature to forecast when dry bulk demand will recover."we are optimistic that conditions will improve over the medium term as the pace of industrial activity recovers." ceo.the company has decided not to pay any dividend for the first quarter of 2020 in order to preserve cash under the current market conditions..cash dividend will be revisited when more clarity of the present situation is achieved and the market recovers..
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