Grindrod Shipping Holdings Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 112.46 million compared to USD 107.22 million a year ago. Net loss was USD 8.49 million compared to net income of USD 22.15 million a year ago. Basic loss per share from continuing operations was USD 0.44 compared to basic earnings per share from continuing operations of USD 1.17 a year ago. Diluted loss per share from continuing operations was USD 0.44 compared to diluted earnings per share from continuing operations of USD 1.14 a year ago.
For the nine months, sales was USD 298.31 million compared to USD 379.09 million a year ago. Net loss was USD 7.24 million compared to net income of USD 107.95 million a year ago. Basic loss per share from continuing operations was USD 0.37 compared to basic earnings per share from continuing operations of USD 5.72 a year ago. Diluted loss per share from continuing operations was USD 0.37 compared to diluted earnings per share from continuing operations of USD 5.58 a year ago.