PIRAEUS, Greece (AP) _ Danaos Corp. (DAC) on Monday reported second-quarter earnings of $30.1 million.
On a per-share basis, the Piraeus, Greece-based company said it had profit of $1.97. Earnings, adjusted for amortization costs, came to $2.24 per share.
The shipping company posted revenue of $112.3 million in the period.
Danaos shares have dropped 30% since the beginning of the year. In the final minutes of trading on Monday, shares hit $7.32, a decline of 69% in the last 12 months.