HAMILTON HM 08, Bermuda (AP) — Golden Ocean Group Ltd. (GOGL) on Wednesday reported net income of $57.5 million in its fourth quarter.

On a per-share basis, the Hamilton Hm 08, Bermuda-based company said it had profit of 29 cents. Earnings, adjusted for non-recurring costs, were 32 cents per share.

The shipping company posted revenue of $254.2 million in the period. Its adjusted revenue was $196.8 million.

For the year, the company reported profit of $112.3 million, or 56 cents per share. Revenue was reported as $639.6 million.

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