ATHENS, Greece (AP) — ATHENS, Greece (AP) — StealthGas Inc. (GASS) on Tuesday reported fourth-quarter net income of $7.7 million, after reporting a loss in the same period a year earlier.
The Athens, Greece-based company said it had profit of 20 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 28 cents per share.
The ship owner serving the liquefied petroleum gas market posted revenue of $42.7 million in the period. Its adjusted revenue was $36.2 million.
For the year, the company reported net income of $34.3 million, or 90 cents per share, swinging to a profit in the period. Revenue was reported as $130.6 million.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GASS at https://www.zacks.com/ap/GASS
Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.