Safe Bulkers (SB) PT Raised to $5.50 at Maxim Group; 'Strong Tradewinds to Buoy Shares'

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Go back to Safe Bulkers (SB) PT Raised to $5.50 at Maxim Group; 'Strong Tradewinds to Buoy Shares'

Safe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2017 Results

February 14, 2018 4:05 PM EST

MONACO, Feb. 14, 2018 (GLOBE NEWSWIRE) -- 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 months period ended December 31, 2017.

Summary of Fourth Quarter 2017 Results

Net revenues for the fourth quarter of 2017 increased by 34% to $42.4 million from $31.7 million during the same period in 2016. Net loss for the fourth quarter of 2017 was $86.6 million as compared to $4.6 million, during the same period in 2016. Adjusted net income1 for the fourth... More