Genco Shipping & Trading Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 90.56 million compared to USD 137.76 million a year ago. Net income was USD 11.56 million compared to USD 47.38 million a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to USD 1.12 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to USD 1.1 a year ago.
For the six months, revenue was USD 184.95 million compared to USD 273.99 million a year ago. Net income was USD 14.2 million compared to USD 89.07 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 2.11 a year ago. Diluted earnings per share from continuing operations was USD 0.33 compared to USD 2.07 a year ago.