Capital Product Partners has greatly improved its bottom line in the second quarter.

The Jerry Kalogiratos-led owner posted a $7.89m profit for the second quarter versus $4.02m during the same period last year.

Earnings per share came in at $0.44, beating Wall Street consensus of $0.43 and last year's figure of $0.08.

Total revenue slipped to $27.4m from $28.8m, mostly due to fewer ships in the fleet following the disposal of two vessels in October and April 2018.