Ardmore Shipping: 4Q Earnings Snapshot
PEMBROKE, Bermuda (AP) _ Ardmore Shipping Corp. (ASC) on Tuesday reported fourth-quarter net income of $1.9 million, after reporting a loss in the same period a year earlier.
The Pembroke, Bermuda-based company said it had net income of 6 cents per share. Earnings, adjusted for non-recurring costs, came to 8 cents per share.
The shipping company posted revenue of $60.7 million in the period. Its adjusted revenue was $38.1 million.
For the year, the company reported that its loss narrowed to $22.9 million, or 69 cents per share. Revenue was reported as $134 million.
Ardmore Shipping shares have decreased 41% since the beginning of the year. The stock has increased 1% in the last 12 months.