2020 Bulkers Ltd (OTCPK:TTBKF)

$ 11.47 0 (0%) Market Cap: 265.38 Mil Enterprise Value: 354.27 Mil PE Ratio: 3.05 PB Ratio: 1.84 GF Score: 59/100

Q4 2023 2020 Bulkers Ltd Earnings Call Transcript

Feb 07, 2024 / 02:00PM GMT

Release Date Price: $12.54

Transcript

Operator

Hi, everyone, and welcome to 2020 Bulkers Q3 (sic - Q4) report. (Operator Instructions) This call is being recorded. I'll now hand it over to your speakers. Please begin.

Magnus Halvorsen

2020 Bulkers Ltd - Chairman of the Board

Thank you, operator. Welcome, everyone, to the fourth quarter 2023 earnings conference call for 2020 Bulkers. As usual, I'm also joined here today by our CFO, Vidar Hasund.

Before we start the presentation, we would like to remind you that we will be discussing matters that are forward-looking in nature. These forward-looking assumptions are based on the company's current views with regards to future events and are subject to risks and assumptions subject to uncertainties. Actual results may differ materially.

And with that, I will move over to the highlights for the quarter. 2020 Bulkers generated net profit of $14.8 million in the fourth quarter. This reflects the strong improvements in rates from the third quarter. We, again, outperformed the Capesize Index and achieved average TCE earnings of around $36,500 per

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