Full Year 2018 Pacific Basin Shipping Ltd Earnings Call Transcript
Welcome, ladies and gentlemen, and thank you for attending 2018 annual results conference call and live webcast. My name is David Turnbull, Chairman of the company, and I'm joined by our CEO, on my left Mats Berglund, and on my far left, our CFO, Peter Schulz.
We are pleased to report that the company delivered a strong performance in 2018. The company generated significantly larger operating cash flows and our strongest earnings since 2010.
In view of our return to a meaningful level of profitability, the board is recommending a final dividend of HKD 0.037 per share and combined with the HKD 0.025 interim dividend which was paid in August, this represents half of our net profit for the full year, which is consistent with our stated dividend policy.
Despite a weaker-than-expected start to 2019, the long-term fundamentals for our minor bulk segment look encouraging. And while we are bracing ourselves for increased freight market volatility in this year, we have shown before that Pacific Basin has what it
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