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13.06.2014 00:30:19

Scorpio Tankers Sees Q2 Loss - Quick Facts

(RTTNews) - Scorpio Tankers Inc. (STNG) said it expects second quarter loss per share to be within a range of $0.00 to $0.04 per share.

Thew company said this estimate includes a gain of $11.1 million, or $0.06 per share, for the previously announced acquisition of the company's 7.5 million common shares in exchange for 3.4 million shares of Dorian LPG Ltd and a write-off of $0.3 million, or $0.00 per share, for deferred financing fees relating to the repayment of the STI Spirit Credit Facility in April 2014.

Excluding these items, the company expects a second quarter loss per share to be within a range of $0.06 to $0.10 per share.

Neither of the two estimates includes an estimate for the company's share of profit or loss from Dorian's operating activities for the three months ended June 30, 2014, Scorpio said.

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