Genco Shipping & Trading Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 83.36 million compared to USD 135.97 million a year ago. Net loss was USD 32 million compared to net income of USD 40.83 million a year ago. Basic loss per share from continuing operations was USD 0.75 compared to basic earnings per share from continuing operations of USD 0.96 a year ago. Diluted loss per share from continuing operations was USD 0.75 compared to diluted earnings per share from continuing operations of USD 0.95 a year ago.
For the nine months, revenue was USD 268.31 million compared to USD 409.96 million a year ago. Net loss was USD 17.81 million compared to net income of USD 129.9 million a year ago. Basic loss per share from continuing operations was USD 0.42 compared to basic earnings per share from continuing operations of USD 3.07 a year ago. Diluted loss per share from continuing operations was USD 0.42 compared to diluted earnings per share from continuing operations of USD 3.03 a year ago.