Genco Shipping & Trading Limited reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 115.52 million compared to USD 126.97 million a year ago. Net income was USD 4.94 million compared to USD 28.68 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.67 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to USD 0.67 a year ago.
For the full year, revenue was USD 383.83 million compared to USD 536.93 million a year ago. Net loss was USD 12.87 million compared to net income of USD 158.58 million a year ago. Basic loss per share from continuing operations was USD 0.3 compared to basic earnings per share from continuing operations of USD 3.74 a year ago. Diluted loss per share from continuing operations was USD 0.3 compared to diluted earnings per share from continuing operations of USD 3.7 a year ago.