The Westport, Connecticut-based suezmax owner turned in net income of $3.4m for the three months to 31 December, versus a profit of $0.3m in the previous quarter.
Ridgebury generated $11.2m in earnings before interest, taxes, depreciation and amortization (Ebitda) in the fourth and $17.3m in revenue.
The operator, which was formed less than a year ago, noted that this represents a 22% increase when compared to what it raked in during the third quarter of last year.
Going
