Navios Maritime reports Q2 EPS 27c vs. 47c last year

Reports Q2 revenue $81.9M vs. $69.2M last year. Angeliki Frangou, Chairwoman and Chief Executive Officer, stated “I am pleased with the results for the second quarter of 2023 during which we reported revenue of approximately $82 million and net income of $15.5 million. We believe that the global conditions support continued growth in the Hidrovia region. As the world’s requirements evolve, whether for raw materials for green technology, old world requirements for mineral commodities or dynamically changing grain trade patterns, our region will be providing solutions. We intend to play our part by maximizing the return from our existing assets through innovative logistics solutions that leverage our unique infrastructure assets.”