Lorenzo Shipping Corporation reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net income was PHP 51.06 million compared to net loss of PHP 30.83 million a year ago. Basic earnings per share from continuing operations was PHP 0.09 compared to basic loss per share from continuing operations of PHP 0.06 a year ago.

Diluted earnings per share from continuing operations was PHP 0.09 compared to diluted loss per share from continuing operations of PHP 0.06 a year ago.