Brief: 2020 Bulkers Q3 EBITDA At USD 0.9 Mln

2020 Bulkers

07/11/2019 08:08

Nov 7 (Reuters) - 2020 Bulkers Ltd  2020B.OL :
    * NET PROFIT OF US$0.8 MILLION AND EBITDA OF US$0.9 MILLION
FOR Q3
OF 2019
    * Q3 AVERAGE TIME CHARTER EQUIVALENT EARNINGS OF US$37,800
PER DAY
    * HAS DECLARED COMPANY'S FIRST CASH DIVIDEND OF US$0.055 PER
SHARE
    * TARGET GOING FORWARD IS A MONTHLY DIVIDEND OF THE MAJORITY
OF
FREE CASH FLOW AFTER DEBT SERVICE
    * CASH BREAKEVEN AFTER DEBT SERVICE FOR 2020 IS ESTIMATED AT
US$14
150 PER DAY
    * ASSUMING CURRENT BALTIC CAPESIZE INDEX OF $22 200 PER DAY
AND
HFFO/LSFO FUEL SPREADS OF US$250 PER TON, CO WOULD GENERATE FREE
CASH FLOW AFTER DEBT SERVICE PER SHARE OF US$1,8 (NOK 16,5) IN
2020 AND US$2,3 (NOK 21,5) IN 2021)

Source text for Eikon:  ID:nObirKkXCa 
Further company coverage:  2020B.OL 

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