Now, let me review some of the highlights of the 2012 second quarter which were distinguished by strong performance and profitable growth. Time-charter revenues were $14.9 million, this compares to $4.2 million for the second quarter of 2011. The increase reflects the growth of our fleet including a full quarter of operating the recently purchased vessels, Cap San Marco, Cap San Raphael, APL Sardonyx and APL Spinel and also the three Maersk vessels delivered in June last year.Net income was $2.2 million for the 2012 second quarter. For the same period the year ago, the company reported a net loss of $0.6 million. We have continued to focus on maintaining a strong balance sheet to ensure that we have the financial capacity to support a sound and growing business.
Diana Containerships' CEO Discusses Q2 2012 Results - Earnings Call Transcript
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