AP NEWS

Ardmore Shipping: 4Q Earnings Snapshot

February 11, 2020 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASC at https://www.zacks.com/ap/ASC