Nordic American Tanker Shipping has reported that its net income for the first quarter of 2008 was $23.4 million, or $0.78 per share, compared to net income of $22.8 million, or $0.85 per share in the first quarter of 2007.
The net income in the fourth quarter of 2007 was $1.7 million or $0.06 per share. In the first quarter of 2008, the company has incurred one-time costs equivalent to $0.04 per share. The operating cash flow in the first quarter of 2008 was $36.9 million, compared to $36.1 million for the first quarter of 2007.
The net income in the fourth quarter of 2007 was $1.7 million or $0.06 per share. In the first quarter of 2008, the company has incurred one-time costs equivalent to $0.04 per share. The operating cash flow in the first quarter of 2008 was $36.9 million, compared to $36.1 million for the first quarter of 2007.