|
Monaco July 21, 2016 Monaco, Monaco July 28, 2016 -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and six months period ended June 30, 2016. Summary of Second Quarter 2016 Results Net revenue for the second quarter of 2016 decreased by 18% to $26.2 million from $31.8 million during the same period in 2015. Net loss for the second quarter of 2016 was $9.0 million as compared to $4.4 million, during the same period in 2015. Adjusted net loss (1) for the second quarter of 2016 was $8.7 million as compared to $3.9 million, during the same period in 2015. EBITDA (2) for the second quarter of 2016 decreased by 17% to $8.4 million as compared to $10.1 million during the same period in 2015. Adjusted EBITDA (3) for the second quarter of 2016 decreased by 18% to $8.8 million from $10.7 million during the same period in 2015. Loss per share (4) and Adjusted loss per share (4) for the second quarter of 2016 were $0.15 and $0.15 respectively, calculated on a weighted average number of 83,571,957 shares, as compared to a Loss per share of $0.10 and Adjusted loss per share of $0.09 during the same period in 2015, calculated on a weighted average number of 83,470,867 shares. Full report: sbpr072816.pdf 
Safe Bulkers, Inc. press release 
|
