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TEN, Ltd. reports Q4 EPS 42c vs. 85c last year

Reports Q4 revenue $188.3M vs. $220.2M last year. “This period has been a milestone year for TEN with the largest growth program in its history representing 21 vessels of 2.6 million dwt under construction resulting in a proforma fleet of 82 vessels with a minimum revenue backlog of $4.0 billion. These secured revenue contracts are expected to provide cash flow visibility to continue supporting the Company’s dividend distributions to our shareholders, a value which we hope will be reflected again in our stock,” commented George Saroglou, President & COO of TEN stated.

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