MONACO (AP) _ Safe Bulkers Inc. (SB) on Thursday reported third-quarter profit of $5.2 million.
The company said it had net income of 2 cents per share. Earnings, adjusted for non-recurring costs, came to 3 cents per share.
The shipping company posted revenue of $50.7 million in the period. Its adjusted revenue was $47.1 million.
In the final minutes of trading on Thursday, the company's shares hit $1.97. A year ago, they were trading at $2.31.