Pacific Basin Shipping Ltd (OTCPK:PCFBF)
$ 0.3107 -0.0135 (-4.16%) Market Cap: 1.81 Bil Enterprise Value: 1.79 Bil PE Ratio: 16.71 PB Ratio: 1.01 GF Score: 56/100

Half Year 2021 Pacific Basin Shipping Ltd Earnings Call Transcript

Jul 29, 2021 / 09:30AM GMT
Release Date Price: $0.38289
Operator

Welcome to today's Pacific Basin 2021 Interim Results Announcement Call. I am pleased to present Chief Executive Officer, Mr. Mats Berglund for the first part of this call. (Operator Instructions)

Mr. Berglund, please begin.

Mats Henrik Berglund
Pacific Basin Shipping Limited - CEO & Executive Director

Thank you, and welcome ladies and gentlemen, and thank you for attending Pacific Basin's 2021 Interim Results Earnings Call. My name is Mats Berglund, CEO of the company for the last 9 years, and I am joined by my successor, Martin Fruergaard, who has already been with us for a 1-month handover, and he takes over from me as CEO at the end of this week. We're also joined by our CFO, Peter Schulz.

Please turn to Slide 2. During the first half of 2021, we made an underlying profit of USD 150.4 million, a net profit of $160.1 million, and EBITDA tripled compared to last year to $244.6 million. Earnings per share was HKD 0.264. Return on equity was 28%; and total shareholder return, 114%. The Board has decided to pay an interim dividend of HKD

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