Safe Bulkers (SB) Tops Q2 EPS by 1c

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Go back to Safe Bulkers (SB) Tops Q2 EPS by 1c

Safe Bulkers, Inc. Reports Second Quarter and Six Months 2016 Results

July 28, 2016 4:08 PM EDT

MONACO -- (Marketwired) -- 07/28/16 -- Safe Bulkers, Inc. (the "Company") (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and six months period ended June 30, 2016.

Summary of Second Quarter 2016 Results

Net revenue for the second quarter of 2016 decreased by 18% to $26.2 million from $31.8 million during the same period in 2015. Net loss for the second quarter of 2016 was $9.0 million as compared to $4.4 million, during the same period in 2015. Adjusted net loss(1) for the second quarter of 2016 was $8.7 million as... More