Safe Bulkers (SB) Tops Q4 EPS by 1c

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Go back to Safe Bulkers (SB) Tops Q4 EPS by 1c

Safe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2016 Results

February 23, 2017 4:05 PM EST

MONACO -- (Marketwired) -- 02/23/17 -- 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 twelve month period ended December 31, 2016.

Summary of Fourth Quarter 2016 Results

Net revenues for the fourth quarter of 2016 increased by 6% to $31.7 million from $29.9 million during the same period in 2015. Net loss for the fourth quarter of 2016 was $4.6 million as compared to $29.9 million, during the same period in 2015. Adjusted net loss(1) for the fourth quarter of 2016 was $4.1 million as... More