Navigator Holdings Ltd has reported second-quarter net income of $3 million, after reporting a loss in the same period a year earlier.

The London-based company said it had net income of 5 cents per share. Earnings, adjusted for non-recurring gains, came to 1 cent per share.

The transportation company for the natural gas and and chemical industry posted revenue of $82.5 million in the period. Its adjusted revenue was $67.7 million.

Navigator Holdings’ shares have dropped 30% since the beginning of the year. Shares hit $9.48 last week, a drop of almost 1% in the last 12 months.

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17th August 2020