First Ship Lease Trust reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 3.18 million compared to USD 4.95 million a year ago. Net income was USD 5.6 million compared to USD 0.088 million a year ago. Basic earnings per share from continuing operations was USD 0.0032. Diluted earnings per share from continuing operations was USD 0.0032.

For the full year, the company reported sales was USD 24.22 million compared to USD 24.98 million a year ago. Net income was USD 13.27 million compared to net loss of USD 1.52 million a year ago. Basic earnings per share from continuing operations was USD 0.0075 compared to basic loss per share from continuing operations of USD 0.0009 a year ago. Diluted earnings per share from continuing operations was USD 0.0075 compared to diluted loss per share from continuing operations of USD 0.0009 a year ago.