Q2 2023 Golden Ocean Group Ltd Earnings Call Transcript

Mar 04, 2024

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Aug 29, 2023 / 01:00PM GMT
Operator

Good day, and thank you for standing by. Welcome to the Second Quarter 2023 Golden Ocean Group Limited Earnings Conference Call. (Operator Instructions) Please be advised today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Lars-Christian Svensen. Please go ahead, sir.

Lars-Christian Svensen - Golden Ocean Group Limited - Interim CEO & Chief Commercial Officer of Golden Ocean Management AS

Hello and good afternoon from Oslo. My name is Lars-Christian Svensen, and I'm the interim CEO of Golden Ocean. Today, CFO, Peder Simonsen and I will guide you through our Q2 numbers and share our views on the market going forward. We start with the highlights for Q2. Our adjusted EBITDA in the second quarter came in at $80.4 million compared to $54.7 million in the first quarter of 2023. The net profit amounted to $34.9 million and earnings per share of $0.17. This compared to a net loss of $8.8 million and loss per share of $0.04 in the first quarter.

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