• GoodBulk’s first quarter generated $15.4 million EBITDA and $3.1 million of net profit, after $10.2 million depreciation, resulting in earnings per share of $0.10.
• On 2 March 2021 the Board of Directors authorized the payment to Shareholders of $10.2 million ($0.34 per share) as capital repatriation.
• It ended the period with a cash balance of $24.8 million and net working capital of $22.5 million, totaling $47.3 million.
• It earned an average gross Time Charter Equivalent rate (TCE) of...
https://mfame.guru/goodbulks-q1-capesize-net-profit-best-since-2014/