Ardmore Shipping posted another strong quarter while making two additions to its fleet.

The New York-listed, Ireland-based tanker owner reported $13.6m in profit for the quarter, turning around a $9.9m loss posted for the same period in 2019.

That also marked growth from $6.5m profit posted in the first quarter of 2020.

The quarterly result was good for $0.41 in earnings per share, beating Wall Street consensus by roughly five cents.