2020 Bulkers Ltd (OTCPK:TTBKF)

$ 10.6 -0.31 (-2.84%) Market Cap: 248.66 Mil Enterprise Value: 337.55 Mil PE Ratio: 3.10 PB Ratio: 1.69 GF Score: 66/100

Q2 2022 2020 Bulkers Ltd Earnings Call Transcript

Aug 17, 2022 / 01:00PM GMT

Release Date Price: $11.2

Transcript

Magnus Halvorsen

2020 Bulkers Ltd. - Chairperson of the Board

Welcome everyone to the second-quarter 2022 earnings conference call for 2020 Bulkers. As usual, I'm also joined here today by our Chief Financial Officer, Vidar Hasund.

Before we start the presentation, we would like to remind you that we will be discussing matters that are forward-looking in nature. These forward-looking assumptions are based on the company's current views with regards to future events, and they're subject to risk and assumptions that are subject to uncertainties. Actual results may differ materially. And with that, I'll move over to the highlights for the quarter.

2020 Bulkers generated a net profit of $12 million in the second quarter which is up from $5.9 million earned during the first quarter. And with that, we continue our track record having been profitable every quarter since we got our first vessel in operation during Q3 2019. We continue to outperform the Capesize index and achieved time charter equivalent earnings of $32,300 per day. This compares to the Baltic Capesize index, which was around

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