Toro Corp. reports Q2 EPS 0.1c vs 94c last year

Reports Q2 revenue $5.47M vs $24.86M last year. Petros Panagiotidis, Chief Executive Officer of the Company, commented: “During the second quarter of 2024 we continued to enjoy substantial operating cash flows from our fleet which consists mostly of LPG carrier vessels. The markets for both product tankers and LPG carriers remain robust, while we maintain a strong balance sheet with significant cash reserves and no outstanding debt. As we move forward, we continue to seek opportunities that will further drive our growth and strengthen our position in the market.”