Polys Hajioannou-controlled Safe Bulkers reported net income of $6m in the first quarter, helped by higher revenue from a robust drybulk market. The company had posted a $3.3m loss in the same period last year.
“Our revenues continued to improve, supporting gradual increase in our profitability,” the company’s president Loukas Barmparis said in a press release. Net revenue jumped at an annual pace of 31% to $43.5m
