2020 Bulkers Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022 at 08:07 pm EST
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2020 Bulkers Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 18.4 million compared to USD 31.2 million a year ago. Revenue was USD 18.7 million compared to USD 32.8 million a year ago. Net income was USD 7.3 million compared to USD 21.6 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 0.98 a year ago. Diluted earnings per share from continuing operations was USD 0.32 compared to USD 0.96 a year ago.
For the nine months, sales was USD 57.9 million compared to USD 73.1 million a year ago. Revenue was USD 58.8 million compared to USD 78.2 million a year ago. Net income was USD 25.2 million compared to USD 44.5 million a year ago. Basic earnings per share from continuing operations was USD 1.13 compared to USD 2.01 a year ago. Diluted earnings per share from continuing operations was USD 1.12 compared to USD 1.99 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.