Greece-based and New York-listed Diana Shipping reported a rise in its fourth-quarter net income but a lower full-year net income compared to 2023 and a decrease in time charter revenues for this period which the shipowner attributes to decreased ownership days.
The shipowner has reported net income of $9.7m and a net income attributed to common stockholders of $8.3m for the fourth quarter of 2024.
This compares to net income of $9.4m and net income attributed to common stockholders of $7.9m for the fourth quarter of 2023.
Semiramis Paliou-led Diana said the earnings per share for the fourth quarter of 2024 were $0.07 basic and $0.02 diluted, compared to earnings per share of $0.08 basic and $0.06 diluted in the same quarter of 2023.
The time charter revenues were $57.1m for the fourth quarter of 2024, compared to $60.0m for the same quarter of 2023.
Diana Shipping highlighted the fact that the decrease in time charter revenues, compared to the same quarter last year, was due to decreased ownership days.
The net income for 2024 amounted to $12.7m and net income attributed to common stockholders amounted to $7.0m.
This compares to net income of $49.8m and net income attributed to common stockholders of $44.1m for 2023.
Furthermore, the time charter revenues for 2024 were $228.2m, compared to $262.1m for 2023.
