Q2 2020 d'Amico International Shipping SA Earnings Call Transcript
Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the d'Amico Second Quarter and First Half 2020 Results Conference Call. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Paolo d'Amico, Chairman and CEO of d'Amico. Please go ahead, sir.
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Hello to everybody, and thank you for joining us to our result call. Let's go straight to the results. On the first half of 2020, our company posted a profit -- a net profit of USD 17.1 million. This is versus $24.3 million loss in first half '19. And adjusted net result, excluding nonrecurring noncash items from both periods, we have $26.4 million in first half 2020 versus a loss of $9.2 million first half of 2019. So we have an increase of $35.6 million year-on-year. In Q2, 2020, the company posted its first quarterly result since Q2 '15, with a net profit of $15.6 million versus a loss of $18.8 million
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