Ardmore Shipping reports leap in revenue as tankers perform strongly

Company saw net profit rise from $5.1 million to $6.7 million in first quarter

8th May, 2016
Anthony Gurnee is Ardmore's chief executive

Ardmore Shipping, the Irish shipping company listed in New York, has reported a jump in its profits and revenue on the back of strong earnings by its vessels.

The company reported a 31 per cent increase in net profit for the first three months of this year, according to accounts just published. Net profit rose from $5.1 million for the first quarter of 2015 to $6.7 million for the first quarter of this year.

Ardmore Shipping’s latest accounts also...

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