Golden Ocean Group Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 97.22 million compared to USD 125.78 million a year ago. Net income was USD 28.73 million compared to USD 104.57 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.52 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.52 a year ago.
For the nine months, sales was USD 278.91 million compared to USD 471.02 million a year ago. Net income was USD 54.8 million compared to USD 393.64 million a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to USD 1.96 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to USD 1.95 a year ago.