Lorenzo Shipping Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net loss was PHP 21.18 million compared to net income of PHP 19.5 million a year ago. Basic loss per share from continuing operations was PHP 0.04 compared to basic earnings per share from continuing operations of PHP 0.04 a year ago. Diluted loss per share from continuing operations was PHP 0.04 compared to diluted earnings per share from continuing operations of PHP 0.04 a year ago.
For the nine months, net income was PHP 109.3 million compared to net loss of PHP 85.7 million a year ago. Basic earnings per share from continuing operations was PHP 0.2 compared to basic loss per share from continuing operations of PHP 0.15 a year ago. Diluted earnings per share from continuing operations was PHP 0.2 compared to diluted loss per share from continuing operations of PHP 0.15 a year ago.