Toro Corp. has reported a decrease in total vessel revenues from continuing operations for the first quarter ending March 31, 2025. Revenues fell to $5.5 million, down from $6.4 million in the same period of 2024, primarily due to lower hire rates for their Handysize vessel, although this was partially offset by slightly increased rates for their LPG carrier. Net income from continuing operations was recorded at $1.48 million, a decline from $2.4 million in the previous year. Additionally, Toro Corp. has announced significant business updates, including the expansion of its fleet with the addition of a modern MR tanker and the sale of one LPG vessel. Moreover, the company has initiated a share repurchase tender offer for 4.5 million of its own shares, aiming to enhance shareholder value.
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