Castor Maritime Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 24.47 million compared to USD 37.81 million a year ago. Net income was USD 10.83 million compared to USD 19.98 million a year ago.

Basic loss per share from continuing operations was USD 0.7 compared to basic earnings per share from continuing operations of USD 2 a year ago. Basic earnings per share was USD 1.1 compared to USD 2.1 a year ago.