Half Year 2024 Pacific Basin Shipping Ltd Earnings Call Transcript
Welcome to today's Pacific Basin 2024 interim results announcement conference call. I'm pleased to present Chief Executive Officer, Mr. Martin Fruergaard; and Chief Financial Officer, Mr. Michael Jorgensen. (Operator Instructions)
Mr. Fruergaard, please begin.
Thank you very much. So welcome, ladies and gentlemen, and thank you for attending Pacific Basin's 2024 interim results earnings call. My name is Martin Fruergaard, CEO of Pacific Basin; and I'm joined by our CFO, Michael Jorgensen.
I assume you have already reviewed the presentation. We will briefly highlight some of its key points before moving on to the Q&A session. So please turn to slide 3.
The first half of 2024, we generated an underlying profit of USD44 million and a net profit of USD58 million with an EBITDA of USD158 million. This resulted in a 6% annualized return on equity with basic earnings per share of HKD8.7. Our large core business generated USD77 million before
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