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Article: Genco Shipping & Trading Limited Announces Third Quarter 2009 Financial Results.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Genco Shipping & Trading Limited (NYSE:GNK) reported its financial results for the three months ended September 30, 2009.
The following financial review discusses the results for the three months and nine months ended September 30, 2009 and September 30, 2008.
Third Quarter 2009 and Year-to-Date Highlights
-- Recorded net income of $34.3 million, or $1.10 basic and $1.09 diluted
earnings per share for the third quarter;
-- Took delivery of the Genco Commodus and delivered the vessel to Morgan
Stanley Capital Group Inc. for the commencement of a 23 to 25 month