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Stock impact report

Castor Maritime Inc. Reports Net Income of $22.9 Million for the Three Months Ended June 30, 2024 and Net income of $45.2 Million for the Six Months Ended June 30, 2024

Castor Maritime Inc. - Common Shares (CTRM) 
Company Research Source: GlobeNewswire
LIMASSOL, Cyprus, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping company, today announced its results for the three months and six months ended June 30, 2024. Earnings Highlights of the Second Quarter Ended June 30, 2024: Total vessel revenues: $16.3 million for the three months ended June 30, 2024, as compared to $25.3 million for the three months ended June 30, 2023, or a 35.6% decrease;Net income of $22.9 million for the three months ended June 30, 2024, as compared to net income of $8.2 million for the three months ended June 30, 2023, or a 179.3% increase;Earnings per common share, basic: $2.29 per share for the three months ended June 30, 2024, as compared to $0.86 per share for the three months ended June 30, 2023;EBITDA(1): $26.5 million for the three months ended June 30, 2024, as compared to $16.1 million for the three months ended June 30, 2023;Adjusted EBITDA(1): $25.2 million for the thr Show less Read more
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