Lorenzo Shipping Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was PHP 79.43 million compared to net loss of PHP 74.37 million a year ago. Basic earnings per share from continuing operations was PHP 0.14 compared to basic loss per share from continuing operations of PHP 0.13 a year ago. Diluted earnings per share from continuing operations was PHP 0.14 compared to diluted loss per share from continuing operations of PHP 0.13 a year ago.
For the six months, net income was PHP 130.48 million compared to net loss of PHP 105.2 million a year ago. Basic earnings per share from continuing operations was PHP 0.23 compared to basic loss per share from continuing operations of PHP 0.19 a year ago. Diluted earnings per share from continuing operations was PHP 0.23 compared to diluted loss per share from continuing operations of PHP 0.19 a year ago.