Ultrapetrol Limited Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2013
For the nine months, the company reported total revenue of $312.262 million against $226.829 million a year ago. Operating profit was $33.232 million against loss of $2.349 million a year ago. Net income attributable to the company was $14.631 million or $0.10 per share against loss of $32.105 million or $1.09 per share a year ago. Income before income taxes was $19.722 million against loss of $33.503 million a year ago. Net cash provided by operating activities was $19.168 million against $2.483 million a year ago. Purchase of vessels and equipment was $24.129 million against $40.720 million a year ago. Adjusted EBITDA was $82.102 million against $25.883 million a year ago. Adjusted net income was $20.624 million or $0.15 per share against loss of $32.586 million or $1.10 per share a year ago. Capex was $16.6 million for the period.