MONACO (AP) — MONACO (AP) — Safe Bulkers Inc. (SB) on Tuesday reported net income of $19.4 million in its fourth quarter.
On a per-share basis, the company said it had net income of 16 cents. Earnings, adjusted for non-recurring gains, were 15 cents per share.
The shipping company posted revenue of $71.5 million in the period. Its adjusted revenue was $69.2 million.
For the year, the company reported profit of $97.4 million, or 83 cents per share. Revenue was reported as $290.9 million.
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