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StealthGas waits it out
Expanding Greek LPG carrier owner StealthGas is preaching patience after net earnings dipped in the second quarter.
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Found an interesting story?
StealthGas waits it out
Expanding Greek LPG carrier owner StealthGas is preaching patience after net earnings dipped in the second quarter.
CEO Harry Vafias said it would take time for the effects of its fleet growth to be felt, as it posted profit of $4.7m to 30 June, or $0.12 per share, compared to $5.1m in the same three months of 2014.
Revenues were $31.9m, an increase of $1.6m, as the fleet grew.
Operating profit was $7.1m compared to $6.9m in 2013, but finance costs rose $0.6m to $2.6m.
CEO Harry Vafias said the usual seasonal factors had made the second and third quarters
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