Diana Containerships Inc (DCIX)

[ORCA]

A FILING WAS OUT AFTER HOURS FRIDAY.SHOWS OVER 42$ MILLION GAIN FROM A BANK WRITE OFF.THAT PUT THEM IN TO 9$ PER SHARE NET EARNINGS.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12631365/content/html
2017Gain from bank debt write off

42,185


Earnings / (loss) per common share, basic and diluted

$
8.94


For the years ended December 31,


2017

2016

2015

2014

2013


(in thousands of U.S. dollars, except for share and per share data)

Statement of Operations Data:

Time charter revenues

$
23,806

$
36,992

$
70,746

$
65,678

$
74,337

Prepaid charter revenue amortization

-

(3,798
)

(8,566
)

(11,610
)

(20,322
)
Time charter revenues, net

23,806

33,194

62,180

54,068

54,015

Voyage expenses

1,702

3,169

2,619

332

705

Vessel operating expenses

22,732

30,213

35,847

26,559

30,870

Depreciation and amortization of deferred charges

8,147

12,740

13,140

10,309

11,070

Management fees

-

-

-

-

305

General and administrative expenses

8,366

7,241

6,194

6,306

5,059

Impairment losses

8,363

118,861

6,607

-

42,323

(Gain) / Loss on vessels' sale

(945
)

2,899

8,300

695

16,481

Foreign currency losses / (gains)

51

111

(55
)

17

66


Operating income / (loss)

(24,610
)

(142,040
)

(10,472
)

9,850

(52,864
)
Interest and finance costs

(13,843
)

(7,094
)

(7,166
)

(6,746
)

(4,554
)
Interest income

87

120

107

134

72

Gain from bank debt write off

42,185

-

-

-

-


Net income / (loss)

$
3,819

$
(149,014
)

$
(17,531
)

$
3,238

$
$ (57,346
)

Earnings / (loss) per common share, basic and diluted

$
8.94

$
(100,821.38
)

$
(11,917.74
)

$
2,205.72

$
$ (85,463.49
)

Earnings / (loss) per common share, diluted

$
8.94

$
(100,821.38
)

$
(11,917.74
)

$
2,205.72

$
$ (85,463.49
)

Dividends declared and paid, per share

$
-

$
246.96

$
493.92

$
10,125.36

$
44,452.80


Weighted average number of common shares, basic

427,333

1,478

1,471

1,468

671


Weighted average number of common shares, diluted

427,361

1,478

1,471

1,468

671