2020 Bulkers posts third quarter profit

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2020 Bulkers announced its unaudited financial and operating results for the three and nine months ended September 30, 2024.

Key events during the third quarter of 2024

–          The Company reported net profit of US$11.6 million and EBITDA of US$14.7 million for the third quarter of 2024.

 –          The Company achieved average time charter equivalent earnings of approximately US$36,600 per day, gross.

 –          The Company declared total dividends of US$0.57 per share for the months of July, August and September 2024.

Subsequent Events

–          Achieved average time charter equivalent earnings for October 2024 of approximately US$31,400, per day, gross.

 –          In November 2024, the Company declared a dividend of US$0.15 per share for October 2024.

The Board of Directors Report, the Condensed Consolidated Financial Statements and the Q3 2024 Presentation are available in the enclosed files.

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