Pangaea Logistics: Q2 Earnings Snapshot

August 9, 2022 GMT

NEWPORT, R.I. (AP) _ Pangaea Logistics Solutions Ltd. (PANL) on Tuesday reported net income of $25 million in its second quarter.

On a per-share basis, the Newport, Rhode Island-based company said it had net income of 56 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, came to 64 cents per share.

The maritime logistics company posted revenue of $195.5 million in the period.

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