2020 Bulkers Ltd. (2020) - Results for the third quarter of 2022
Oslo, Norway, November 9, 2022 2020 Bulkers Ltd. (“2020 Bulkers” or the “Company”), today announced its unaudited financial and operating results for the three and nine months ended September 30, 2022. Key events during the third quarter of 2022 · The Company reported net profit of US$7.3 million and EBITDA of US$12.7 million for the third quarter of 2022. · Achieved average time charter equivalent earnings of approximately US$25,800 per day, gross. · The Company declared total cash distributions of US$0.30 per share for the months of July, August and September 2022.