Half Year 2019 Pacific Basin Shipping Ltd Earnings Call Transcript
Ladies and gentlemen, welcome to today's Pacific Basin 2019 Interim Results Announcement Call. I'm pleased to present Chief Executive Officer, Mats Berglund, for the first part of this call. (Operator Instructions) Mr. Berglund, please begin.
Thank you, and welcome, ladies and gentlemen. My name is Mats Berglund, I'm CEO of the company, and I'm joined by our CFO, Peter Schulz.
Please turn to Slide 2 for our interim results highlights. We made a net profit of $8.2 million and underlying loss of $0.6 million and a positive EBITDA of USD 101 million. Weaker dry bulk market conditions early in 2019 negatively affected our results for the half year. But we benefited from our continued TCE outperformance as well as our competitive cost structure. We have taken delivery of 5 modern Supramax vessels and 1 Handysize in the year-to-date. Two of the Supramaxes were delivered after the reporting period. We also completed the sale of an older, small Handysize, which we committed to
| 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... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
