StealthGas (GASS): Shrinking Fleet Just Delivered This Shipper’s Best Profits Yet
On September 2, StealthGas (NASDAQ:GASS) reported second-quarter revenue of $42.8 million, down from the record $47 million it posted a year earlier. Yet net income climbed to $17.3 million, up from $15.9 million in the first quarter, and the company converted 40% of every revenue dollar into profit. The story behind that gap is a […]
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