Ardmore Shipping Corporation reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 142.42 million compared to USD 47.2 million a year ago. Net income was USD 61.83 million compared to net loss of USD 12.29 million a year ago. Basic earnings per share from continuing operations was USD 1.57 compared to basic loss per share from continuing operations of USD 0.37 a year ago. Diluted earnings per share from continuing operations was USD 1.52 compared to diluted loss per share from continuing operations of USD 0.37 a year ago.
For the nine months, sales was USD 312.91 million compared to USD 140.03 million a year ago. Net income was USD 84.52 million compared to net loss of USD 28.92 million a year ago. Basic earnings per share from continuing operations was USD 2.27 compared to basic loss per share from continuing operations of USD 0.88 a year ago. Diluted earnings per share from continuing operations was USD 2.22 compared to diluted loss per share from continuing operations of USD 0.88 a year ago.