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Seanergy Maritime Holdings Reports Third Quarter EPS of $.03

Seanergy Maritime Holdings Corp.  (NASDAQ: SHIP) announced today its operating results for the third quarter and nine months ended September 30, 2010.

Net Revenues for the third quarter of 2010 increased to $29.0 million from $22.4 million in the same quarter in 2009.

EBITDA was $15.7 million for the third quarter of 2010 as compared to $21.6 million in the same quarter in 2009.

Net Income was $2.9 million, or $0.03 per basic and diluted share for the three months ended September 30, 2010, as compared to Net Income of $14.0 million, or $0.57 per basic and $0.46 per diluted share, for the same quarter in 2009, based on weighted average common shares outstanding of 109,723,980 basic and diluted for 2010, 24,580,378, basic, and 30,386,931 diluted, for 2009.

 

Posted-In: Earnings News

 

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