Pangaea Logistics: Fourth Quarter Earnings Overview
Pangaea Logistics Solutions Announces Fourth Quarter Results
Pangaea Logistics Solutions Ltd., headquartered in Newport, Rhode Island, disclosed a net profit of $11.9 million for the fourth quarter.
The company reported earnings of $0.19 per share, with adjusted earnings—excluding one-time gains—amounting to $0.16 per share.
During the quarter, the maritime logistics provider generated $183.9 million in revenue.
For the full fiscal year, Pangaea Logistics Solutions achieved a total profit of $19.4 million, or $0.30 per share, with annual revenue reaching $632 million.
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