Half Year 2024 Pacific Basin Shipping Ltd Earnings Call Transcript

Author's Avatar
Aug 08, 2024

Aug 08, 2024 / 10:00AM GMT
Operator

Welcome to today's Pacific Basin 2024 interim results announcement conference call. I'm pleased to present Chief Executive Officer, Mr. Martin Fruergaard; and Chief Financial Officer, Mr. Michael Jorgensen. (Operator Instructions)

Mr. Fruergaard, please begin.

Martin Fruergaard - Pacific Basin Shipping Ltd - Chief Executive Officer, Executive Director

Thank you very much. So welcome, ladies and gentlemen, and thank you for attending Pacific Basin's 2024 interim results earnings call. My name is Martin Fruergaard, CEO of Pacific Basin; and I'm joined by our CFO, Michael Jorgensen.

I assume you have already reviewed the presentation. We will briefly highlight some of its key points before moving on to the Q&A session. So please turn to slide 3.

The first half of 2024, we generated an underlying profit of USD44 million and a net profit of USD58 million with an EBITDA of USD158 million. This resulted in a 6% annualized return on equity with basic earnings per share of HKD8.7. Our large core business generated USD77 million before

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot