Toro Corp. Announces The Completion Of The Sale Of M/T Wonder Musica; Expects To Record During Q3 Of 2023 A Net Gain Of $17.1M, Excluding Any Transaction-Related Costs
Portfolio Pulse from Happy Mohamed
Toro Corp. (NASDAQ:TORO) has completed the sale of M/T Wonder Musica, a 2004-built Aframax/LR2 tanker, for $28.0 million. The company expects to record a net gain of $17.1 million from the sale in Q3 2023, excluding any transaction-related costs.
July 07, 2023 | 1:06 pm
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Toro Corp. has sold M/T Wonder Musica for $28.0 million, expecting to record a net gain of $17.1 million in Q3 2023.
The sale of M/T Wonder Musica is a significant event for Toro Corp. as it is expected to bring a net gain of $17.1 million. This could positively impact the company's Q3 2023 revenues, potentially leading to a positive reaction from the market and an increase in the company's stock price.
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IMPORTANCE 75
RELEVANCE 100