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Gold/Mining/Energy : Trico Marine Services (TMAR) -- Ignore unavailable to you. Want to Upgrade?

To: JZGalt who wrote (515)	7/7/1998 5:43:00 PM
From: D.J.Smyth	Read Replies (2) \| Respond to of 1153

Oil shipper BHO to report better than expected earnings: 6:06 DJS B&H Ocean Carriers Expects Sharply Higher 2nd-Quarter Results 16:06 DJS B&H Ocean Carriers Expects Sharply Higher 2nd-Quarter Results NEW YORK -(Dow Jones)- Shipping company B&H Ocean Carriers Ltd. said Tuesday it expects to post second-quarter net income of $1.8 million, or 41 cents a share, more than triple the year-earlier $507,000, or 12 cents a share. The Hamilton, Bermuda-based company (BHO) said estimated cash flow for the second quarter ended June 30 was about $7 million. No analysts' estimates were available from First Call. The overall cash flow reflects positive cash flow of $7.1 million from B&H's Equimar Shipholdings Ltd. unit and a negative cash flow of $128,000 from the company itself. The second quarter was the first full operating quarter for Equimar with all of its vessels purchased and delivered. Second-quarter earnings per share were based on 4.3 million weighted average shares outstanding. B&H estimated earnings of 83 cents a share and cash flow of $13.9 million for the six months ended June 30. The company earned 40 cents a share in the year-ago six-month period. The company attributed the negative second-quarter cash flow for the parent company to one vessel, which operates on a long-term lease, going through drydocking and special survey work and the attendant off-hire. Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved. (:BHO) 07/07 4:06p CDT