Navios Maritime Partners L.P. reported i financial results for the second quarter and six months ended June 30, 2011 that included:
- 2.3% increase in cash distribution to $0.44 per unit for Q2 2011
- 37.2% increase in quarterly Revenues to $45.7 million
- 43.5% increase in quarterly Operating Surplus to $28.7 million
- 41.5% increase in quarterly Adjusted EBITDA to $34.8 million
"I am pleased with our results for the quarter, during which we increased adjusted net income by 32.6% and adjusted EBITDA by 41.5%," said Ms. Frangou. "These strong results and our stable business allowed us to increase our distribution by 2.3% -- to $0.44 quarterly and $1.76 annually. This is the second time in the last three quarters we have raised our dividend."
July 27, 2011