2020 Bulkers Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 03:17 am
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2020 Bulkers Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 14.9 million compared to USD 18.4 million a year ago. Revenue was USD 17 million compared to USD 18.7 million a year ago. Net income was USD 5.2 million compared to USD 7.3 million a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to USD 0.33 a year ago. Diluted earnings per share from continuing operations was USD 0.23 compared to USD 0.32 a year ago.
For the nine months, sales was USD 43.9 million compared to USD 57.9 million a year ago. Revenue was USD 46.7 million compared to USD 58.8 million a year ago. Net income was USD 10.8 million compared to USD 25.2 million a year ago. Basic earnings per share from continuing operations was USD 0.48 compared to USD 1.13 a year ago. Diluted earnings per share from continuing operations was USD 0.48 compared to USD 1.12 a year ago.
2020 Bulkers Ltd. is a Bermuda-based owner and operator of large dry bulk vessels. The Company operates a fleet of approximately eight scrubbers fitted with approximately 208,000 deadweight tonnage (DWT) Newcastlemax dry bulk carriers. The Companyâs fleets include Bulk Sandefjord, Bulk Santiago, Bulk Seoul, Bulk Shanghai, Bulk Shenzhen, Bulk Sydney, Bulk Sao Paulo, and Bulk Santos.
2020 BULKERS LTD. 
