The New York-quoted fuel provider racked up a $4.3m deficit in the three months to 30 September, versus a gain of $7.3m in the comparable period a year ago.
The adjusted result amounted to a gain of $9.4m or $0.20 in basic and diluted earnings per share, which is a penny lower than Wall Street’s consensus forecast.
Aegean didn’t comment on the recent collapse of OW Bunker but noted its own management team is taking decisive actions to position the company for success “despite challenges that others in the industry may be facing”.
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