Northern Ocean 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 73.3 million. Revenue was USD 81.04 million compared to USD 0.266 million a year ago. Net loss was USD 17.66 million compared to USD 27.41 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.24 a year ago.
For the nine months, sales was USD 138.63 million compared to USD 9.83 million a year ago. Revenue was USD 156.91 million compared to USD 10.78 million a year ago. Net loss was USD 52.48 million compared to USD 70.75 million a year ago. Basic loss per share from continuing operations was USD 0.29 compared to USD 0.67 a year ago.