Toro Corp. announced its financial results for the three months ended September 30, 2024, reporting total vessel revenues from continuing operations of $5.3 million. This represents an 18.5% decrease compared to the $6.5 million reported for the same period in 2023.
The company posted a net income from continuing operations of $1.0 million for the third quarter of 2024. For the nine months ended September 30, 2024, Toro Corp. reported a net income of $24.2 million.
As of the reporting date, Toro Corp. operated a fleet consisting of one Handysize tanker and four 5,000 cbm LPG carriers. The financial performance reflects the ongoing operational landscape for the international energy transportation services company.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.