2020 Bulkers Ltd. (2020) - Results for the first quarter of 2024
Oslo, Norway, May 8, 2024 2020 Bulkers Ltd. (“2020 Bulkers” or the “Company”), today announced its unaudited financial and operating results for the three months ended March 31, 2024. Key events during the first quarter of 2024 · The Company reported net profit of US$28.5 million and EBITDA of US$34.4 million for the first quarter of 2024. The results include a US$20.5 million gain from the sale of Bulk Shanghai which was delivered to the buyer on March 20, 2024. · Achieved average time charter equivalent earnings of approximately US$30,000 per day, gross. · The Company