02/19
Okeanis ECO tankers (ECO) announced their Q4 2024 results earlier today. Results include
- Rev of $85.2M
- EBITDA of $35.2M
- Profit of $13.2M
- TCE rates: VLCC $38,500/operating day, Suezmax $39,600/operating day.
- Dividend of 35c/sh
Small ECO position. Hold or punt? Though the company beat on both rev and income, things don’t look too good on forward basis.