Globus Maritime (GLBS) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Globus Maritime Limited has reported a solid financial performance for the second quarter and first half of 2024, with revenues of $9.5 million and $17.2 million respectively, and net incomes of $3.3 million and $3 million for the same periods. The company continues to expand its fleet, which now consists of seven dry bulk carriers, and has sold an older vessel for profit while successfully financing new ones under favorable terms. Despite market fluctuations and global geopolitical challenges, Globus Maritime has maintained profitability and fleet utilization, and is actively pursuing opportunities for growth and efficiency through fleet expansion and evaluation of newbuilding vessels.
For further insights into GLBS stock, check out TipRanks’ Stock Analysis page.