Nordic American Tankers: Q4 Earnings Snapshot
By AP News
Published - Feb 27, 2023, 08:18 AM ET
Last Updated - Jun 22, 2023, 07:24 PM EDT
HAMILTON HM 11, Bermuda (AP) — Nordic American Tankers Ltd. (NAT) on Monday reported fourth-quarter net income of $36 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Hamilton Hm 11, Bermuda-based company said it had profit of 17 cents.
The tanker company posted revenue of $71.1 million in the period.
For the year, the company reported net income of $15.1 million, or 7 cents per share, swinging to a profit in the period. Revenue was reported as $168.8 million.
