Ten Declares Ninefold Increase Of Net Income From Q1

Capt. John
  • Ninefold increase of net income from Q1 2022
  • 6mo net income of $51.7 million
  • 6mo EBITDA $133.3 million
  • 50% increase in common stock dividend from July 2022
  • Half a billion dollars distribution since 2002 NYSE listing
  • Long-term market fundamentals remain strong

Today, the results (unaudited) for the six months and second quarter ended June 30, 2022, were released by TEN, Ltd (TEN) (NYSE: TNP) (the “Company”).

Six months 2022 summary results

As global oil demand seems to be recovering from the...

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