Revenue for 3QFY2024 saw a 23.4% y-o-y increase to US$28.4 million due to an elevated utilisation rate of the group’s owned fleet of vessels at 92.4% for the period. In addition, revenue growth was new vessels in fleet, general increase in daily charter rates as well as contributions from cross charters, says the group.
Atlantic Navigation Holdings reported net profit after tax (NPAT) of US$8.9 million ($11.9 million) for the 3QFY2024 ended September, up 84.8% y-o-y.
For 9MFY2024, net profit for the group stood at US$30.5 million, up from US$15.3 million in 9MFY2023. Earnings per share stood at 5.82 US cents, up from 2.92 US cents in the same period last year.
