Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Tsakos Energy Navigation Turns To Profit In Q1; Shares Rise - Quick Facts

RELATED NEWS
Trade TNP now with 

Tsakos Energy Navigation Limited (TNP: Quote) reported that its first-quarter net income attributable to the company was $1.02 million or $0.02 per share, compared to a net loss of $8.81 million or $0.19 per share in the year ago quarter. The results were mainly due to increases in product carrier rates, and ability to capitalize on significant presence in this sector and to the impact of the LNG carrier Neo Energy. Significant savings in voyage expenses, operating costs, depreciation and interest also provided important contributions, the company said.

Voyage revenues declined to $97.69 million from last year's $102.23 million.

The Company's Board of Directors declared a quarterly dividend of $0.05 per share of common stock outstanding to be paid on September 12, 2013 to shareholders of record as of September 9, 2013.

TNP is currently trading at $5.05, up $0.85 or 20.24%.

Click here to receive FREE breaking news email alerts for Tsakos Energy Navigation Ltd ASA and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks came under pressure in early trading on Friday and remained firmly in the red throughout the remainder of the trading session. With the losses on the day, the S&P 500 pulled back well off yesterday's record closing high. President Barack Obama is meeting with presidents from Central American nations on Friday as the U.S. struggles to deal with a surge of unaccompanied children across the southern border. Despite calls from some leading conservatives, the results of a new CNN/ORC International poll released Friday showed that a vast majority of Americans do not believe that President Barack Obama should be impeached and removed from office.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.