Castor Maritime Inc (NASDAQ: CTRM), a spread global transport company, today proclaimed its outcomes for the three months finished March 31, 2021.
Highpoints of the First Quarter Finished March 31, 2021:
Incomes, net: $7.0 million for the three months finished March 31, 2021, as likened to $2.7 million for the three months ended March 31, 2020, or a 159% era to era upsurge;
Net revenue/loss: Net revenue of $1.1 million for the three months ended March 31, 2021, as likened to a net loss of $0.3 million for the three months over March 31, 2020, or a 467% upsurge;
Remunerations/Loss per common share): $0.02 remunerations per share for the three months over March 31, 2021, as likened to a loss per share of $0.68 for the three months finished March 31, 2020, or a 103% period to period upsurge;
EBITDA: $2.6 million for the three months finished March 31, 2021, as likened to $0.9 million for the three months finished March 31, 2020, or a 189% period to period upsurge;
Money and limited money of $64.2 million as of March 31, 2021, as likened to $9.4 million as of December 31, 2020, or a 583% period to period upsurge;
Petros Panagiotidis, Chief Executive Officer of Castor, observed: “The first five months of 2021 was a transformational era for our company, as we were able to rear $252.5 million of equity and $33.3 million of debit and grow our flotilla from 6 receptacles, at the end of 2020, to 26 receptacles on a fully conveyed base and once we complete all of our proclaimed purchases. On a fully conveyed basis, our flotilla will contain of 18 dry bulk transporters and 8 freighters. This will allow us to profit from the continuing robust request for dry bulk conveyance facilities as evidenced by the fresh charter fittings of a quantity of our dry cargo receptacles.”