2020 Bulkers Ltd (TTBKF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

At this time, I would like to welcome everyone to this 2020 Bulkers earnings call for Q4 2024. This call is being recorded. If you have any objections, please disconnect at this time. All participants will be on listen-only mode throughout the presentation, and afterwards there will be a question and answer session. I would now like to hand it over to the speakers. Please go ahead. Thank you, operator. Welcome to the Q4 2024 conference call for 2020 Bulkers. As last time, I'm joined here today with our CFO, Vidar Hasul, and our Chief Commercial Officer, Lars Christian Svensson, who will be taking over as CEO on April 1st. Before we start the presentation, we would like to remind you that we will be discussing matters that are forward-looking. These forward-looking assumptions are based on the company's current views with regards to future events and subject to risk and assumptions subject to uncertainties. Actual results may differ materially. And with that, I'll move over to the highlights for the quarter. We reported the net profit of $5.1 million and EPS of 23 cents. Trading-wise, we achieved time chart equivalent earnings of approximately 27,100 per day gross, which compares to the Baltic 5TC average of 18,300. We declared total dividends of 34 cents per share for the months of October through December. This corresponds to just over a 12% analyzed yield based on our current share price. For January, we achieved time chart equivalent earnings earnings of approximately 16 700 per day compared to the baltic 5 tc average which was 10 150. and today we also declared a dividend of three cents per share for the month of january and with that i will leave it over to vidar thank you magnus 2020 bulkers reports a net profit of 5.1 million dollars for the fourth quarter of ...