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Jun 30, 2020
Genco Q2 2020 Earnings Report
Genco reported a net loss of $18.2 million and declared a quarterly cash dividend of $0.02 per share.
Key Takeaways
Genco Shipping & Trading Limited reported a net loss of $18.2 million for the second quarter of 2020. Despite the loss, the company declared a regular quarterly cash dividend of $0.02 per share and highlighted its strong financial position with $142.9 million in cash.
Declared a regular quarterly cash dividend of $0.02 per share for Q2 2020.
Maintained a strong financial position with $142.9 million of cash as of June 30, 2020.
Voyage revenues totaled $74.2 million and net revenue totaled $31.1 million during Q2 2020.
Recorded a net loss of $18.2 million for the second quarter of 2020, with a basic and diluted loss per share of $0.43.
Forward Guidance
Genco anticipates a favorable outlook for the drybulk market for the balance of the year and into 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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