NEWPORT, R.I. (AP) _ Pangaea Logistics Solutions Ltd. (PANL) on Monday reported a loss of $4.4 million in its fourth quarter.
On a per-share basis, the Newport, Rhode Island-based company said it had a loss of less than 1 cent. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 10 cents per share.
The maritime logistics company posted revenue of $130.5 million in the period.
For the year, the company reported profit of $11.7 million, or 27 cents per share. Revenue was reported as $412.2 million.
In the final minutes of trading on Monday, the company's shares hit $1.65. A year ago, they were trading at $3.26.