Summary by Moomoo AI
Pacific Basin announced its interim results on June 30, 2024, with a basic surplus of 43.9 million USD, a net surplus of 57.6 million USD, and a pre-tax EBITDA of 0.1579 billion USD. The return on equity (ROE) was 6%, with a basic earnings per share of 8.7 Hong Kong cents. The company's financial condition is good, with a liquidity of 0.5374 billion USD and a net debt of only 2%. The board of directors declared an interim dividend of HK$0.041 per share. In the first half of the year, market freight rates were affected by increased demand for commodities and canal disruptions, resulting in lower fleet efficiency. The new construction of cargo ships was controlled, and the global dry bulk cargo volume increased year-on-year...Show More