Pangaea Logistics: Q4 Earnings Snapshot
By AP News
Published - Mar 13, 2024, 05:33 PM ET
Last Updated - Mar 13, 2024, 05:33 PM EDT
NEWPORT, R.I. (AP) — NEWPORT, R.I. (AP) — Pangaea Logistics Solutions Ltd. (PANL) on Wednesday reported profit of $1.1 million in its fourth quarter.
The Newport, Rhode Island-based company said it had profit of 3 cents per share. Earnings, adjusted for non-recurring costs, came to 16 cents per share.
The maritime logistics company posted revenue of $131.9 million in the period.
For the year, the company reported profit of $26.3 million, or 58 cents per share. Revenue was reported as $499.3 million.
