Performance Shipping (PSHG) has released an update.
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Performance Shipping Inc. reported a net income of $12.4 million for Q3 2024, showing growth compared to $10.4 million in Q3 2023, despite a slight decrease in revenue due to the sale of a vessel. The company benefited from increased time-charter equivalent rates, contributing to a solid financial performance. With strategic fleet deployment and market conditions favoring longer haul voyages, Performance Shipping is poised for continued cash flow and growth opportunities.
For further insights into PSHG stock, check out TipRanks’ Stock Analysis page.
