Brief: Stainless Tankers Q4 Net Income Rises To $3.2 Mln

Stainless Tankers ASA

07/02/2024 06:15

Feb 7 (Reuters) - Stainless Tankers ASA  STST.OL :
    * STAINLESS TANKERS ASA ANNOUNCES FINANCIAL RESULTS FOR THE
THREE
MONTHS ENDED DECEMBER 31, 2023
    * Q4 NET INCOME $3.2 MILLION, OR $0.24/SHARE, ON NET REVENUE
$13.5
MILLION, AN INCREASE FROM PRIOR QUARTER OF 68.7% AND 20.1%,
RESPECTIVELY
    * AS OF DECEMBER 31, 2023, COMPANY HAD $6.2 MILLION IN TOTAL
CASH,
AND $84.3 MILLION IN NET OUTSTANDING DEBT
    * PROPOSES A DIVIDEND AS RETURN OF PAID IN CAPITAL IN AMOUNT
OF
$3.04 MILLION, OR $0.225/SHARE
    * WE EXPECT POSITIVE EARNINGS ENVIRONMENT TO CONTINUE FOR
FORESEEABLE FUTURE

Source text for Eikon:  ID:nObivVR85a 
Further company coverage:  STST.OL 

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