Half Year 2023 Pacific Basin Shipping Ltd Earnings Call Transcript
Welcome to today's Pacific Basin 2023 Interim Results Announcement 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.
Thank you. Welcome, ladies and gentlemen, and thank you for attending Pacific Basin's 2023 Interim Results Earnings Call. My name is Martin Fruergaard, CEO of Pacific Basin. And I'm pleased to have our new CFO, Michael Jorgensen, with me today, who will speak later on the call.
Assuming that you have already gone through the presentation, we will briefly highlight some of the key points discussed in it, before we proceed with the Q&A session.
Please turn to Slide 3. I'm pleased to report that in the first half of 2023, we generated underlying profit of USD 76 million, a net profit of USD 85 million and EBITDA of USD 189 million. This yielded a return of equity of 9% annualized, with basic earnings per
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