Pangaea Logistics Solutions Ltd. Reports Record Financial Results for the Three Months and Year Ended December 31, 2021
NEWPORT, R.I., March 16, 2022 /PRNewswire/ --Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ: PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months and year ended December31, 2021.
- NEWPORT, R.I., March 16, 2022 /PRNewswire/ --Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ: PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months and year ended December31, 2021.
- Net income attributable to Pangaea Logistics Solutions Ltd. of $67.2 million, as compared to $11.4 million for the year ended December 31, 2020.
- Non-GAAP adjusted Net Income attributable to Pangaea Logistics Solutions Ltd. of $63.3 million, as compared to $14.0 million for the year ended December 31, 2020.
- Results for the three months and year ended December31, 2021
Total revenue was$234.6 million for thethree months ended December31, 2021, compared with$112.9 millionfor thethree months ended December31, 2020.