Philly Shipyard ASA reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 139.7 million compared to USD 119.7 million a year ago. Net loss was USD 13.7 million compared to net income of USD 3.1 million a year ago. Basic loss per share from continuing operations was USD 1.13 compared to basic earnings per share from continuing operations of USD 0.26 a year ago.
For the six months, sales was USD 253.5 million compared to USD 191.5 million a year ago. Net loss was USD 31.9 million compared to net income of USD 6.6 million a year ago. Basic loss per share from continuing operations was USD 2.64 compared to basic earnings per share from continuing operations of USD 0.55 a year ago.