Pangaea Logistics Solutions Ltd. Profit Declines In Q2

(RTTNews) - Pangaea Logistics Solutions Ltd. (PANL) reported a profit for second quarter that declined from the same period last year.

The company's profit totaled $4.03 million, or $0.09 per share. This compares with $5.77 million, or $0.13 per share, in last year's second quarter.

The company's revenue for the quarter fell 14.0% to $83.29 million from $96.82 million last year.

Pangaea Logistics Solutions Ltd. earnings at a glance:

-Earnings (Q2): $4.03 Mln. vs. $5.77 Mln. last year. -EPS (Q2): $0.09 vs. $0.13 last year. -Revenue (Q2): $83.29 Mln vs. $96.82 Mln last year.