Grindrod touches record high on Q4 earnings beat

Grindrod Shipping Holdings

17/02/2022 17:20

** Nasdaq-listed shares of Grindrod Shipping Holdings Ltd
 GRIN.O  up 16% at record high of $24.40
    ** After market close on Wednesday, shipping services co
reported adj EPS of $2.75 in Q4, above Refinitiv IBES est of
$2.54  urn:newsml:reuters.com:*:nGNX4xxmpQ
    ** Also reported revenue of $142.5 mln, beating est of
$118.5 mln 
    ** Earnings helped by a boom in dry-bulk business segment
and lower interest expenses - GRIN
    ** Shares have gained 29% so far this year

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))