MONACO (AP) — MONACO (AP) — Safe Bulkers Inc. (SB) on Wednesday reported net income of $11.8 million in its fourth quarter.
On a per-share basis, the company said it had net income of 10 cents. Earnings, adjusted for non-recurring costs, came to 14 cents per share.
The shipping company posted revenue of $72.6 million in the period. Its adjusted revenue was $69 million.
For the year, the company reported profit of $38.6 million, or 30 cents per share. Revenue was reported as $256.3 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SB at https://www.zacks.com/ap/SB
/AI%20(artificial%20intelligence)/AI%20microchip%20by%20DesignKingBD360%20via%20Shutterstock.jpg)
/2d%20illustration%20of%20Cloud%20computing%20by%20Blackboard%20via%20Shutterstock.jpg)
/Nvidia%20logo%20and%20sign%20on%20headquarters%20by%20Michael%20Vi%20via%20Shutterstock.jpg)
