Globus Maritime Limited (GLBS)

[surfer44]

Nice report from GLBS.

Globus Maritime Limited Reports Financial Results for the Second Quarter and Six-month period ended June 30, 2022
August 16 2022 - 04:05PM
GlobeNewswire Inc.

Globus Maritime Limited (“Globus”, the “Company”, “we”, or “our”) (NASDAQ: GLBS), a dry bulk shipping company, today reported its unaudited consolidated financial results for the second quarter and six-month period ended June 30, 2022.
Revenue
181% increase to $19.1 million in Q2 2022 compared to Q2 2021
213% increase to $37.6 million in H1 2022 compared to H1 2021
Net income
$11 million net income in Q2 2022
$23.1 million net income in H1 2022
Cash from operating activities
$13.9 million cash generated from operating activities in Q2 2022
$24.2 million cash generated from operating activities in H1 2022
Adjusted EBITDA
$13.6 million in Q2 2022 compared to $3.1 million in Q2 2021
$27.4 million in H1 2022 compared to $4.4 million in H1 2021
Time Charter Equivalent
$22,837 per day in Q2 2022 compared to $11,781 per day in Q2 2021
$23,238 per day in H1 2022 compared to $10,859 per day in H1 2021
$2.5 million or 8% debt reduction YTD