Imperial Petroleum reports Q4 adjusted EPS 1c vs. $1.06 last year

Reports Q4 revenue $29.9M vs. $37.9M last year. CEO Harry Vafias Commented: “Since our Company’s listing, we managed to almost triple our fleet, accumulate more than $100 million of cash, pay off all of our bank loans and excel in terms of profits. For 2023, our profitability was $71.1 million, that is 141% higher than 2022. Since September 2023, we have commenced a sharebuyback program. To date, we have purchased 4.3 million common shares and 5.8 million of outstanding warrants for a total consideration of approximately $10 million while, since the commencement of our share buyback program, our share price has doubled.”