Earnings release
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GRINDROD SHIPPING HOLDINGS LTD . ABBREVIATED NAME : GRINSHIP Registered in Singapore with registration number 201731497H JSE Share code : GSH ISIN : SG9999019087 Primary listing on NASDAQ Global Select Market Secondary listing on the JSE Main Board Grindrod Shipping Holdings Ltd. Announces Unaudited Financial Results for the three months and nine months ended September 30 , 2021 and Interim Dividend Grindrod Shipping Holdings Ltd. ( NASDAQ : GRIN ) ( JSE : GSH ) ( “ Grindrod Shipping " or " Company " or " it " or " we " ) , a global provider of maritime transportation services predominantly in the drybulk sector , announced its unaudited earnings results for the three months and nine months ended September 30 , 2021 and that the directors of the Company have resolved to declare a gross cash dividend from profits in respect of the 3rd Quarter Financial Year 2021 ended 30 September 2021 in the amount of US $ 0.72 per ordinary share to shareholders reflected in the Company's register on the record date , being Friday , 3 December 2021 . Financial Highlights for the three months Ended September 30 , 2021 Revenues of $ 135.1 million ■ Gross profit of $ 62.0 million " Profit for the period of $ 49.1 million " Profit for the period attributable to owners of the Company of $ 44.0 million , or $ 2.29 per ordinary share . Adjusted net income of $ 45.8 million , or $ 2.38 per ordinary share ( ¹ ) ■ ■ Adjusted EBITDA of $ 69.0 million ( 1 ) Repurchased a combined total of 91,871 ordinary shares in the open market on NASDAQ and the JSE at an average price of $ 14.87 per share . Handysize and supramax / ultramax TCE per day of $ 25,919 and $ 29,934 , respectively ( 1 ) Financial Highlights for the nine months Ended September 30 , 2021 " Revenues of $ 366.4 million ■ Gross profit of $ 110.2 million " Profit for the period of $ 76.7 million " Profit for the period attributable to owners of the Company of $ 66.1 million or $ 3.44 per ordinary share Adjusted net income of $ 67.3 million , or $ 3.50 per ordinary share ( 1 ) " Adjusted EBITDA of $ 131.5 million ( ¹ )