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HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Ardmore Shipping Corp. (ASC) on Tuesday reported fourth-quarter net income of $53.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Hamilton, Bermuda-based company said it had profit of $1.28. Earnings, adjusted to extinguish debt, were $1.30 per share.
The shipping company posted revenue of $132.8 million in the period. Its adjusted revenue was $93.3 million.
For the year, the company reported net income of $138.5 million, or $3.52 per share, swinging to a profit in the period. Revenue was reported as $292 million.
Ardmore Shipping shares have climbed 15% since the beginning of the year. The stock has more than quadrupled in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a ASC">Zacks stock report on ASC at https://www.zacks.com/ap/ASC