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Grindrod Shipping Holdings Ltd. Announces Unaudited Financial Results for the Second Half and Full Year Ended December 31, 2023

Grindrod Shipping Holdings Ltd. - Ordinary Shares (GRIN) 
Company Research Source: GlobeNewswire
SINGAPORE, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or “Company” or “we” or “us” or “our”), a global provider of maritime transportation services predominantly in the drybulk sector, today announced its second half (1) and full year 2023 earnings results for the period ended December 31, 2023. Financial Highlights for the Second Half of the Year Ended December 31, 2023 Revenues of $201.2 millionGross profit of $15.9 millionLoss for the period and attributable to owners of the Company of $10.9 million, or $0.56 per ordinary shareAdjusted net loss of $9.2 million, or $0.47 per ordinary share(2)Adjusted EBITDA of $24.8 million(2)Handysize and supramax/ultramax TCE per day of $10,182 and $13,849, respectively(2)  Financial Highlights for the Full Year Ended December 31, 2023 Revenues of $387.1 millionGross profit of $39.4 millionLoss for the period and attributable to owners of the Company of $9.6 million, or $0 Show less Read more
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