Q2 profit higher than expected

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For the second quarter and first six-months of 2016, Costamare’s voyage[ds_preview] revenues adjusted on a cash basis of 117.9 mill. $ and 237.7mill. $. Despite a decrease compared to 2015, Q2 profit was higher than expected by experts. Costamare reported an adjusted EBITDA of 83.9mill. $ and 169.2mill. $ for the three and six-months ended June 30, 2016, respectively. The net income for Q2 was reported at 37mill. $ (44.3mill $) and at 72mill $ (70.6mill $) for the first six months. Voyage revenue of 117.9mill. $ and 237.7mill. $. decreased from 123.2mill. $ and 244mill. $ respectively, compared to 2015.