HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Ardmore Shipping Corp. (ASC) on Thursday reported fourth-quarter earnings of $6.9 million.
The Hamilton, Bermuda-based company said it had profit of 12 cents per share. Earnings, adjusted for non-recurring costs, came to 25 cents per share.
The shipping company posted revenue of $82 million in the period. Its adjusted revenue was $49.3 million.
For the year, the company reported profit of $133 million, or $3.06 per share. Revenue was reported as $273.2 million.
Ardmore Shipping shares have fallen 5% since the beginning of the year. The stock has fallen 30% in the last 12 months.
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