SFL Corporation Ltd. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 14, 2024 at 11:53 am EST
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SFL Corporation Ltd. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 205.27 million. Revenue was USD 209.57 million. Net income was USD 31.37 million. Basic earnings per share from continuing operations was USD 0.25.
For the full year, sales was USD 732.93 million. Revenue was USD 752.29 million. Net income was USD 83.94 million. Basic earnings per share from continuing operations was USD 0.67.
SFL Corporation Ltd. is an international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. The Companyâs assets consist of 15 dry bulk carriers, 32 container vessels (including seven chartered-in vessels), one jack-up drilling rig, one harsh environment semi-submersible drilling unit, six oil product tankers, seven crude oil tankers, three car carriers and four car carriers. The Company owns and manages a fleet of 73 vessels, split between tankers, bulkers, container vessels, car carriers and energy assets. Its vessels include SFL Yangtze, SFL Yukon, SFL Sara, SFL Kate, SFL Humber, SFL Hudson, Arabian Sea, Thor Highway, Odin Highway, Maersk Pelepas, Maersk Phuket Maersk, Linus, SFL Puma, SFL Panther, Semi-submersible, SFL Albany, SFL Fraser and others. It also partly owns four chartered-in container vessels in its associated companies.