Ardmore Shipping Q3: $12.8M Net Income, 1% Stock Increase

Ardmore Shipping Corporation, a Bermuda-based company, reported a net income of $12.8 million for Q3, translating to $0.31 per share after adjustments. Revenue stood at $81.2 million, with adjusted revenue at $52.8 million. Despite a 1% year-to-date stock increase, the company's shares have seen a 12% decline over the past year, reflecting market volatility.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.