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Okeanis Eco Tankers Corp. – Unaudited Condensed Financial Statements for the Fourth Quarter and Twelve Month Period of 2023

Okeanis Eco Tankers Corp

ATHENS, Greece, Feb. 29, 2024 (GLOBE NEWSWIRE) — Okeanis Eco Tankers Corp. (“OET” or “Company”) (NYSE:ECO / OSE:OET) today reported unaudited condensed financial statements for the fourth quarter and twelve month period of 2023, which are attached to this press release.

Selected Q4 2023 and Recent Highlights:

  • Time charter equivalent (“TCE”, a non-IFRS measure*) revenue and Adjusted EBITDA (a non-IFRS measure*) of $58.4 million and $44.2 million, respectively. Adjusted profit and Adjusted earnings per share (non-IFRS measures*) for the period of $20.4 million or $0.63 per basic & diluted share.

  • Fleetwide daily TCE rate of $45,400 per operating day; VLCC and Suezmax TCE rates of $45,200 and $45,600 per operating day, respectively.

  • Daily vessel operating expenses (“opex”, a non-IFRS measure*) of $9,105 per calendar day, including management fees.

  • In Q1…

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