Eurodry Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 05, 2021 at 08:11 am EDT
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EuroDry Ltd. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 14.092 million compared to USD 4.018 million a year ago. Operating income was USD 8.080 million compared to operating loss of USD 2.943 million a year ago. Net income was USD 2.218 million compared to net loss of USD 3.825 million a year ago. Basic earnings per share from continuing operations was USD 0.83 compared to basic loss per share from continuing operations of USD 1.86 a year ago. Diluted earnings per share from continuing operations was USD 0.81 compared to diluted loss per share from continuing operations of USD 1.86 a year ago. For the half year, total revenue was USD 22.665 million compared to USD 9.083 million a year ago. Operating income was USD 11.160 million compared to operating loss of USD 4.235 million a year ago. Net income was USD 3.082 million compared to net loss of USD 6.118 million a year ago. Basic earnings per share from continuing operations was USD 1.03 compared to basic loss per share from continuing operations of USD 3.03 a year ago. Diluted earnings per share from continuing operations was USD 1.01 compared to diluted loss per share from continuing operations of USD 3.03 a year ago.
EuroDry Ltd is a Greece-based company which operates in the dry cargo, dry bulk shipping markets. The Company's operations are managed by Eurobulk Ltd an affiliated ship management company and Eurobulk (Far East) Ltd. Inc, which are responsible for the day-to-day commercial and technical management and operations of the vessels. EuroDry Ltd employs its vessels on spot and period charters and through pool arrangements. The Company has a fleet of more than five vessels, including Kamsarmax drybulk carriers, Panamax drybulk carriers and an Ultramax drybulk carrier with a total cargo capacity of approximately 400,000 deadweight tonnage (dwt). The Company's subsidiaries are: Kamsarmax One Shipping Ltd, Kamsarmax Two Shipping Ltd and Eirini Shipping Ltd, among others.
EURODRY LTD. 
