Northern Ocean Ltd. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 76.64 million compared to USD 10.61 million a year ago. Revenue was USD 80.02 million compared to USD 10.88 million a year ago.

Net loss was USD 18.41 million compared to USD 22.14 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.15 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to USD 0.15 a year ago.