Northern Ocean Ltd. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was USD 17.7 million compared to USD 26.86 million a year ago. Revenue was USD 18.14 million compared to USD 29.25 million a year ago. Net income was USD 51.62 million compared to net loss of USD 7.48 million a year ago. Basic earnings per share from continuing operations was USD 0.81 compared to basic loss per share from continuing operations of USD 0.12 a year ago.
For the full year, sales was USD 56.65 million compared to USD 86.85 million a year ago. Revenue was USD 67.78 million compared to USD 94.61 million a year ago. Net loss was USD 11.03 million compared to USD 36.51 million a year ago. Basic loss per share from continuing operations was USD 0.17 compared to USD 0.57 a year ago.