Danaos: Fourth Quarter Financial Highlights

Danaos Corp. Announces Fourth Quarter Financial Results

Based in Athens, Danaos Corp. reported a net profit of $117.9 million for the fourth quarter, according to figures released on Monday.

The company achieved earnings of $6.42 per share during this period. After accounting for one-time expenses and debt repayment, adjusted earnings reached $7.14 per share.

During the quarter, Danaos generated $266.3 million in revenue, with adjusted revenue totaling $262.1 million.

For the full year, Danaos Corp. recorded a total profit of $494.6 million, or $26.76 per share, on revenue of $1.02 billion.