ATHENS, Greece (AP) _ Tsakos Energy Navigation Ltd. (TNP) on Tuesday reported profit of $13.1 million in its fourth quarter.
On a per-share basis, the Athens, Greece-based company said it had profit of 4 cents. Earnings, adjusted for asset impairment costs, were 35 cents per share.
The oil and gas shipping company posted revenue of $175.4 million in the period. Its adjusted revenue was $146.5 million.
For the year, the company reported net income of $15.1 million, or 32 cents per share, swinging to a profit in the period. Revenue was reported as $471.7 million.
The company's shares closed at $2.04. A year ago, they were trading at $3.10.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TNP at https://www.zacks.com/ap/TNP
Automated Insights, source Associated Press News