NEW YORK, May 6, 2010 (GLOBE NEWSWIRE) -- Rand Logistics, Inc. (Nasdaq:RLOG) ("Rand") announced today that its operating income before depreciation, amortization and a one-time $0.4 million loan amendment fee, for the year ended March 31, 2010, will be approximately $21 million, which is at the top end of the guidance that management previously provided. In addition, for the year ended March 31, 2010, cash interest expense and combined capital and dry-dock expenditures equaled approximately $5.1 million and $8.9 million, respectively. Fiscal 2010 capital expenditures included $1.7 million incurred in Q1 of FY2010, related to the completion of prior year capital expenditure projects.
Rand Logistics Expects To Meet Top End Of Previously Provided Fiscal Year 2010 Earnings Guidance
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