Ship Finance International has remained profitable in the second quarter but its bottom-line result was slightly lower than the market had expected.
The New York-listed company reported net income of $39m from April to June, compared to $47m in the previous quarter.
Adjusted for non-cash items, net profit was $44.5m or $0.48 earnings per share (EPS), against the consensus of $0.51.
Ole Hjertaker, chief executive of Ship Finance Management, said: “We are pleased to report yet another profitable quarter, particularly during a period when certain maritime sectors have been experiencing weakness.
“The
