Safe Bulkers improved its third-quarter profit amid higher revenue in a better market.
The Polys Hajioannou-led company posted adjusted net income of $8.2m versus a $1.8m loss during the same period last year.
Adjusted earnings per share came in at $0.05 compared to a $0.05 loss per share, missing Wall Street consensus by one cent.
‘‘In the last quarter, we worked extensively in refinancing a large part of our debt maturing in 2021 and 2022 and smoothening the debt profile for the following five years," president Loukas Barmparis said.
