OMIÆs profit slides 45% in 4th quarter
Stamford, Conn.-based tanker operator OMI Corp. Monday reported fourth quarter net income of $61.5 million, up 45.4 percent compared to $112.6 million a year before.
Revenue in the latest quarter decreased 15 percent to $161.3 million, from $189.2 million.
For the year, OMI's net income was up 11.4 percent to $306.6 million with a revenue gain of 10 percent to $718.9 million.
OMI’s profit slides 45% in 4th quarter
