Reported 1 day ago
Performance Shipping has reported a first quarter earnings per share (EPS) of 76 cents, up from 29 cents last year, despite a decline in total revenue to $21.3 million from $22.4 million. CEO Andreas Michalopoulos highlighted the company’s ability to navigate challenging market conditions, maintain robust cash flow, and achieve significant net income growth of 164% year-over-year. The report reflects a resilient Aframax tanker market, supported by strategic fleet management, including the recent sale of an older vessel.
Source: YAHOO