2020 Bulkers Ltd (TTBKF) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

At this time, I would like to welcome everyone to this 2020 Volkos earnings call for Q3 2024. Today's call is being recorded. If you have any objections, please disconnect at this time. All participants will be in a listen-only mode throughout the presentation, and afterwards, there will be a question-and-answer session. I'll now turn the call over to the chairman, Magnus Halvorsen. You may now begin. Thank you, operator. Welcome to the Q3 2024 conference call for 2020 Bulkers. I'm joined here today by our chief financial officer, Vidar Halsund, as well as our chief commercial officer, Lars Christian Svensson. 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 thereby subject to risk assumptions that are subject to uncertainties. Actual results may differ materially. And with that, I'll start with the highlights for the quarter. We reported net profit of $11.6 million and an EPS of 50 cents. Trading-wise, we achieved time chart equivalent earnings of approximately 36,000 per day gross This compares to the Baltic 5TC index average of 24,900. During the quarter, we declared total dividends of 57 cents per share for the months of July through September. This represents an annualized yield of approximately 16% compared to our current share price. For October, we have achieved time chart requirement earnings of 31,400 per day gross. And today, we declared a dividend of 15 cents per share based on the earnings for October. And with that, I will lead over to Vidar. Thank you, Magnus. 2020 Bulkers reports a net profit of $11.6 million for the third quarter of 2024. Operating profit was $...