Euroseas (ESEA) has released an update.
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Euroseas Ltd. reported strong financial results for the first half and second quarter of 2024, with significant increases in net income, earnings per share, and adjusted EBITDA. The company also expanded its fleet by taking delivery of a new eco-friendly feeder containership and continued its shareholder-friendly initiatives through dividends and a share repurchase program. Despite potential market challenges, Euroseas remains well-covered with a 75% charter coverage for the next twelve months.
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