Globus Maritime has returned to the positive side of the edger after a four-year hiatus, seeing higher revenue off improved charter rates.
The Athanasios Fedaikis-led company posted a $254,000 profit versus a $1.47m loss a year earlier, reflecting earnings per share of $0.08 versus a $0.53 loss.
Revenue gained to $3.86m from $3.83m thanks to average time charter rates increasing 35% to $10,317 compared to the same three-month period last year.
