Brief: Western Bulk Chartering H1 Net Profit Before Tax Up At USD 38.1 Million

Western Bulk Chartering AS

15/08/2022 15:40

Aug 15 (Reuters) - Western Bulk Chartering AS  WEST.OL :
    * H1 NET PROFIT BEFORE TAX USD 38.1 MILLION VERSUS USD 9.3
MILLION
YEAR AGO
    * H1 GROSS REVENUES USD 883.1 MILLION VERSUS USD 565.3
MILLION
YEAR AGO
    * BALTIC SUPRAMAX INDEX HAS BEEN DECLINING FOR ALL FORWARD
PERIODS
THROUGHOUT SUMMER, AND WITH MUTED MARKET LEVELS OVERALL
VOLATILITY IS EXPECTED TO BE LOWER
    * COMPANY THEREFORE ANTICIPATES LOWER RESULTS IN SECOND HALF
OF
2022 COMPARED TO FIRST HALF OF YEAR
    * DECLARES QUARTERLY DIVIDEND OF USD 13 MILLION FOR Q2, WITH
DIVIDEND PER SHARE BEING NOK 3,85 AT USDNOK 9,95

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

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