ATHENS, Greece, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (together with its subsidiaries, unless context otherwise dictates, "OET" or the "Company") (NYSE:ECO, OSE: OET)) today reported its unaudited condensed financial results for the second quarter and six-month period of 2024, which are attached to this press release. Financial performance of the Second Quarter Ended June 30, 2024 Revenues of $112.0 million in Q2 2024, compared to $119.8 million in Q2 2023. Profit of $39.6 million in Q2 2024, compared to $52.9 million in Q2 2023. Earnings per share of $1.23 in Q2 2024, compared to $1.64 in Q2 2023. Cash (including restricted cash) of $98.1 million as of June 30, 2024, compared to $86.1 million as of June 30, 2023. Financial performance of the Six Months Ended June 30, 2024 Revenues of $223.1 million in 6M 2024, compared to $232.4 million in 6M 2023. Profit of $81.1 million in 6M 2024, compared to $104.5 million in 6M 2023. Earnings per share of $2.52 in 6M 2024, compared to $3.25 in 6M 2023. Alternative performance metrics and market developments Time charter equivalent ("TCE", a non-IFRS measure*) revenue of $79.4 million in Q2 2024, compared to $91.2 million in Q2 2023. EBITDA and Adjusted EBITDA (a non-IFRS measure*) of $63.6 million and $63.9 million, respectively, in Q2 2024. Adjusted profit* and Adjusted earnings per share* (non-IFRS measures*) of $39.7 million or $1.23 per basic and diluted share in Q2 2024. Fleetwide daily TCE rate of $64,900 per operating day in Q2 2024; VLCC and Suezmax TCE rates of $73,300 and $54,600 per operating day, respectively, in Q2 2024. The TCE rate includes certain short term (less than 90 days) time-charters fixed on our vessels. Daily vessel operating expenses ("Opex", a non-IFRS measure) of $9,389 per calendar day, including management fees, in Q2 2024. In Q3 2024 to date, 58% of the available VLCC spot days have been booked at an average TCE rate of $46,100 per day and 53% of the available Suezmax spot days have been booked at an average TCE rate of $58,000 per ...