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Castor Maritime Inc. (CTRM) Reports Q3 Revenue of $70.6M, Net Income of $37.1M

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Castor Maritime Inc. Reports Record Net income of $37.1 Million for the Three Months Ended September 30, 2022 and $84.9 Million Net income for the Nine Months Ended September 30, 2022

November 23, 2022 9:00 AM EST

LIMASSOL, Cyprus, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (Castor or the Company), a diversified global shipping company, today announced its results for the three months and nine months ended September 30, 2022.

Highlights of the Third Quarter Ended September 30, 2022:

Revenues, net: $70.6 million for the three months ended September 30, 2022, as compared to $43.3 million for the three months ended September 30, 2021, or a 63.0% increase;Net income: $37.1 million for the three months ended September 30, 2022, as compared to... More