HAMILTON HM 08, Bermuda (AP) — Golden Ocean Group Ltd. (GOGL) on Wednesday reported profit of $65.4 million in its first quarter.

The Hamilton Hm 08, Bermuda-based company said it had net income of 33 cents per share. Earnings, adjusted for non-recurring gains, were 29 cents per share.

The shipping company posted revenue of $246.7 million in the period. Its adjusted revenue was $196.7 million.

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