d'Amico International Shipping SA (MIL:DIS)
€ 3.965 0.07 (1.8%) Market Cap: 472.14 Mil Enterprise Value: 547.10 Mil PE Ratio: 2.52 PB Ratio: 0.71 GF Score: 62/100
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Q2 2019 d'Amico International Shipping SA Earnings Call Transcript

Sep 12, 2019 / 12:00PM GMT
Release Date Price: €0.94 (+0.64%)
Operator

Good afternoon. This is the chorus call conference operator. Welcome and thank you for joining the d'Amico International Shipping Second Quarter and First Half 2019 Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Paolo d'Amico, CEO. Please go ahead, sir.

Paolo d;Amico;Amico International Shipping S.A.;Executive Chairman;CEO
d

' - '-&

Hello to everybody. Good afternoon. Thank you to being with us. Let's go straight to a summary presentation.

As you know, last March we had an extraordinary general meeting, which authorized the Board to increase the share capital. The operation ended up on April 16 with 97.3% of the total number of rights exercised. And on April 24, the unsubscribed new shares remaining have been sold on private placement and resulting in 100% subscription to a dollar equivalent of EUR 44 million.

DIS posted on the first half of '19 a loss of $24.3 million. But if we exclude nonrecurring items

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