MONACO (AP) — MONACO (AP) — Safe Bulkers Inc. (SB) on Wednesday reported net income of $11.8 million in its fourth quarter.

On a per-share basis, the company said it had net income of 10 cents. Earnings, adjusted for non-recurring costs, came to 14 cents per share.

The shipping company posted revenue of $72.6 million in the period. Its adjusted revenue was $69 million.

For the year, the company reported profit of $38.6 million, or 30 cents per share. Revenue was reported as $256.3 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SB at https://www.zacks.com/ap/SB