The company, which has relisted in New York after emerging from bankruptcy restructuring, said net earnings to 30 September were $8.44m, from $0.96m in the same period of 2014.
Revenue fell to $206m from $267m, as it lost 907 operating days after redelivering six aframaxes, a suezmax and an MR.
But it booked an income tax benefit of $63.5m as the taxman released deferred tax liability related to undistributed earnings from its foreign subsidiaries.
The
