MONACO (AP) — MONACO (AP) — Safe Bulkers Inc. (SB) on Wednesday reported profit of $25.1 million in its third quarter.

On a per-share basis, the company said it had profit of 22 cents. Earnings, adjusted for non-recurring gains, were 16 cents per share.

The shipping company posted revenue of $75.9 million in the period. Its adjusted revenue was $70.5 million.

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