Northern Ocean Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 34.69 million. Revenue was USD 43.38 million compared to USD 0.417 million a year ago. Net loss was USD 18 million compared to USD 29.11 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.28 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to USD 0.28 a year ago.
For the six months, sales was USD 65.32 million compared to USD 9.83 million a year ago. Revenue was USD 75.87 million compared to USD 10.52 million a year ago. Net loss was USD 34.82 million compared to USD 43.34 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to USD 0.43 a year ago. Diluted loss per share from continuing operations was USD 0.19 compared to USD 0.43 a year ago.