The New York-listed operator reportednet income of $16.9m for the first quarter of 2013, versus a gain of $7.6m inthe comparable period 12 months prior.
Revenue increased 65% to $42.3m in thethree months to 31 March as earnings before interest, taxes, depreciation andamortization rose to $35.9m from $20.7m year-on year.
In the company’s first-quarter earningsreport management pointed out that the addition of new tonnage was theunderlying cause of its improved performance.
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