d’Amico International Shipping S.A. (IT:DIS) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
d’Amico International Shipping S.A. reported robust financial performance for the first nine months of 2024, with a net profit of $163.1 million, despite a softening tanker market in the third quarter. The company benefited from increased global oil trade and trade disruptions, leading to longer sailing distances, and maintained a solid financial structure with low net debt. Looking forward, d’Amico continues to focus on maintaining a young and efficient fleet, investing in environmentally friendly vessels to capitalize on anticipated strong returns in the LR1 segment.
For further insights into IT:DIS stock, check out TipRanks’ Stock Analysis page.
