MONACO (AP) — MONACO (AP) — Safe Bulkers Inc. (SB) on Monday reported profit of $39 million in its third quarter.

On a per-share basis, the company said it had profit of 35 cents. Earnings, adjusted for non-recurring gains, were 31 cents per share.

The shipping company posted revenue of $91 million in the period. Its adjusted revenue was $86.5 million.

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