Safe Bulkers: Overview of Fourth Quarter Financial Results
Safe Bulkers Inc. Announces Fourth Quarter Financial Results
Safe Bulkers Inc., based in Monaco, has released its financial results for the fourth quarter, reporting a net profit of $11.8 million.
The company’s earnings translated to $0.10 per share. After accounting for one-time expenses, adjusted earnings stood at $0.14 per share.
During the quarter, Safe Bulkers generated $72.6 million in revenue, with adjusted revenue totaling $69 million.
For the full fiscal year, the company achieved a net income of $38.6 million, or $0.30 per share, on total revenue of $256.3 million.
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