Ultrapetrol Turns To Profit In Q2 - Quick Facts

(RTTNews) - Ultrapetrol (Bahamas) Limited (ULTR) posted second-quarter net income attributable to the company of $13.5 million, or $0.10 per share, compared to net loss of $5.4 million or $0.18 per share in the year-ago quarter.

Adjusted net income for the latest second quarter was $12.5 million or $0.09 per share, compared to an adjusted loss of $8.0 million or $0.27 per share in the comparable quarter last year.

Total revenues for the latest second quarter rose to $121.79 million from $79.50 million a year earlier.

On average, two analysts polled by Thomson Reuters expected the company to report a loss of $0.01 per share for the second quarter.