Ardmore Shipping: Q1 Earnings Snapshot

HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Ardmore Shipping Corp. (ASC) on Wednesday reported first-quarter net income of $39.2 million.

On a per-share basis, the Hamilton, Bermuda-based company said it had profit of 92 cents.

The shipping company posted revenue of $106.3 million in the period. Its adjusted revenue was $75.8 million.

Ardmore Shipping shares have risen 25% since the beginning of the year. The stock has risen 30% in the last 12 months.


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