Safe Bulkers, Polys Hajioannou’s US-listed company, reported another quarter of solid profit and revealed the first share buy-backs under a programme announced last month.
The Limassol-based owner of about 50 bulkers in the water or under construction announced net income of $50.3m for the second quarter, up 55% compared to the same period of last year.
The company also announced that it has bought back and cancelled 1m of its own shares as of 22 July, exactly one month into a programme to buy back up to 5m shares.
