HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Ardmore Shipping Corp. (ASC) on Wednesday reported second-quarter net income of $60.5 million.

On a per-share basis, the Hamilton, Bermuda-based company said it had profit of $1.48. Earnings, adjusted for non-recurring gains, were $1.18 per share.

The shipping company posted revenue of $116.2 million in the period. Its adjusted revenue was $86.4 million.

Ardmore Shipping shares have increased 55% since the beginning of the year. The stock has increased 57% in the last 12 months.

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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 ASC at https://www.zacks.com/ap/ASC