New York-quoted GSL posted net income of $1.8m for the three months to 31 March, against a gain of $7.3m in the comparable period a year ago.
The result amounted to $0.04 in earnings per share, which was two cents lower than theCapital IQ Consensus Estimate of $0.06.
Normalised net income rose to $2.9m from $1.8m year-on-year while earnings before interest, taxes, depreciation and amortization (Ebitda) fell to $20.9m
