Brief: Western Bulk Chartering's BoD Proposes No Dividend For Q2

Western Bulk Chartering AS

15/08/2024 11:06

Aug 15 (Reuters) - Western Bulk Chartering AS  WEST.OL :
    * WESTERN BULK REPORTS NET PROFIT OF USD 2.5 MLN IN THE
FIRST HALF
OF 2024
    * HAS DECIDED NOT TO DECLARE A DIVIDEND FOR Q2-24 AS WORKING
CAPITAL HEADROOM IS NEEDED FOR VOLUME GROWTH
    * NUMBER OF VESSELS INCREASED TO AN AVERAGE OF 133, UP FROM
125 IN
SAME PERIOD LAST YEAR
    * COST OF REPOSITIONING VESSELS HAS BEEN LOWER THAN
HISTORICAL
LEVELS DUE TO HIGHER PAYING STEEL EXPORTS OUT OF CHINA
    * ANTICIPATE ATLANTIC MARKET TO OUTPERFORM PACIFIC MARKET IN
H2-24
    * H1 GROSS REVENUES $647.4 MLN VERSUS $574.2 MLN YEAR AGO
    * INCREASE IN NUMBER OF VESSELS DRIVEN BY GROWTH WITHIN
PANAMAX
SEGMENT

Source text for Eikon:  ID:nObizqSbYa 
Further company coverage:  WEST.OL 

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