ECONOMY

Tsakos reports Q1 profit of $21.2 mln

tsakos-reports-q1-profit-of-21-2-mln

Tsakos Energy Navigation Ltd (TNP) on Thursday reported first-quarter profit of $21.2 million. 

On a per-share basis, the Athens-based company said it had net income of $0.12.

Earnings, adjusted for non-recurring costs, came to $0.42 per share. 

The oil and gas shipping company posted revenue of $178.9 million in the period. Its adjusted revenue was $146.2 million.

The company’s shares closed at $2.91. A year ago, they were trading at $3.20.

[AP]