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Stock impact report

Castor Maritime Inc. Reports Net Income of $2.8 Million for the Three Months Ended September 30, 2024 and Net income of $48.0 Million for the Nine Months Ended September 30, 2024

Castor Maritime Inc. - Common Shares (CTRM) 
Company Research Source: GlobeNewswire
LIMASSOL, Cyprus, Nov. 07, 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 nine months ended September 30, 2024. Earnings Highlights of the Third Quarter Ended September 30, 2024: Total vessel revenues: $13.4 million for the three months ended September 30, 2024, as compared to $21.4 million for the three months ended September 30, 2023, or a 37.4% decrease;Net income of $2.8 million for the three months ended September 30, 2024, as compared to net loss of $5.4 million for the three months ended September 30, 2023, or a 151.9% increase;Earnings/(loss) per common share, basic: $0.21 per share for the three months ended September 30, 2024, as compared to $(0.60) per share for the three months ended September 30, 2023;EBITDA(1): $5.0 million for the three months ended September 30, 2024, as compared to $2.5 milli Show less Read more
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