2020 Bulkers announces 2Q2023 Financial Results

0
3086

2020 Bulkers announced its unaudited financial and operating results for the three and six months ended June 30, 2023.

Key events during the second quarter of 2023

  • The Company reported net profit of US$4.8 million and EBITDA of US$11.1 million for the second quarter of 2023.
  • Achieved average time charter equivalent earnings of approximately US$23,800 per day, gross.
  • The Company declared total cash distributions of US$0.19 per share for the months of April, May and June 2023.

Subsequent Events

  • In July 2023, the Company extended and amended the index-linked time charter contract for Bulk Sandefjord to September 2024 – January 2025
  • Achieved average time charter equivalent earnings for July 2023 of approximately US$21,200, per day, gross.
  • In August 2023, the Company declared a cash distribution of US$0.04 per share for July 2023.

LEAVE A REPLY

Please enter your comment!
Please enter your name here