Seanergy Maritime Holdings Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 09:00 am EST
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Seanergy Maritime Holdings Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 23.11 million compared to USD 32.96 million a year ago. Revenue was USD 24.45 million compared to USD 33.98 million a year ago. Net loss was USD 5.04 million compared to net income of USD 7.14 million a year ago. Basic loss per share from continuing operations was USD 0.28 compared to basic earnings per share from continuing operations of USD 0.41 a year ago. Diluted loss per share from continuing operations was USD 0.28 compared to diluted earnings per share from continuing operations of USD 0.4 a year ago.
For the nine months, sales was USD 68.14 million compared to USD 95.48 million a year ago. Revenue was USD 70.81 million compared to USD 96.49 million a year ago. Net loss was USD 8.55 million compared to net income of USD 16.75 million a year ago. Basic loss per share from continuing operations was USD 0.48 compared to basic earnings per share from continuing operations of USD 0.96 a year ago. Diluted loss per share from continuing operations was USD 0.48 compared to diluted earnings per share from continuing operations of USD 0.94 a year ago.
Seanergy Maritime Holdings Corp. is an international shipping company. The Company provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. It owns a modern fleet of seventeen dry bulk carriers, consisting of seventeen Capesizes, with a combined cargo-carrying capacity of approximately 3,011,083 deadweight tonnages (dwt) and an average fleet age of about 11.7 years. Its fleet comprises vessels, including Flagship, Worldship, Gloriuship, Geniuship, Premiership, Squireship, Championship, Lordship, Goodship, and Hellaship, among others. The Company's subsidiaries, which are all, owned by it either directly or indirectly, conduct all of its operations and own all of its operating assets. The Company manages its vessel's operations, insurances and bunkering, and has the general supervision of its third-party technical and commercial managers. V.Ships Limited, which is an independent third party, provides technical management for its vessels.