2020 Bulkers Ltd. (2020) - Results for the first quarter of 2022
Hamilton, Bermuda, April 27, 2022 2020 Bulkers Ltd. (“2020 Bulkers” or the “Company”), today announced its unaudited financial and operating results for the three months ended March 31, 2022. Key events during the first quarter of 2022 - The Company reported net profit of US$5.9 million and EBITDA of US$11.0 million for the first quarter of 2022. - Achieved average time charter equivalent earnings of approximately US$24,000, per day, gross. - The Company declared total cash distributions of US$0.26 per share for the months of January,