Press

Invitation to Investor Presentation

Western Bulk is inviting to an investor presentation in connection with the release of its H1 2022 Financial Report

09.08.2022

Expecting record first half year

Western Bulk is expecting record first half year with net profit after tax of USD 37 to 40 million in H1-22

14.06.2022

Declares Q1 2022 dividend

Western Bulk declares Q1 2022 dividend of NOK 4,24 per share

25.04.2022

Expecting record Q1 2022 result

Western Bulk is expecting record Q1 2022 result with net profit after tax of USD 18 to 20 million

29.03.2022

Annual Report 2021

Western Bulk publishes 2021 annual report with record net profit after tax of USD 81 and will pay dividend of USD 65 million end of March

11.03.2022

H2 2021 and preliminary FY 2021 Financial Report

Western Bulk generated a record net profit after tax of USD 72 million in the second half of 2021 and full year profit of USD 81 million from USD 1.49 billion in gross revenues

17.02.2022

Publication of H2-21 report postponed

The publication of the H2-21 report has been postponed until 17th of February

10.02.2022

First delivery of carbon offset combined with bio fuel

Western Bulk takes delivery of first carbon offset combined with bio fuel from TFG Marine

07.02.2022

Invitation to Investor Presentation

Western Bulk is inviting to an investor presentation in connection with the release of its H2 2021 Financial Report

04.02.2022

Western Bulk increases expectations for full year profit after tax

Western Bulk is expecting full year profit after tax of USD 75 million to USD 80 million with further strengthened dividend capacity

15.12.2021

Western Bulk expecting record year

Western Bulk expecting record year with full year profit after tax of USD 60 million to USD 70 million and dividend of minimum USD 40 million

09.11.2021

Opening office in Dubai

Western Bulk is opening an office in Dubai.

27.10.2021

Updated guiding for full year 2021 net profit after tax

Full year net profit after tax for 2021 expected to reach between USD 50 to 60 million.

05.10.2021

Offering successfully completed

Western Bulk is pleased to announce that the Offering has been successfully completed with the allocation of 4,340,000 Offer Shares at a price of NOK 30.00 per Offer Share, resulting in a total transaction size of approx. NOK 130 million.

08.09.2021

Contemplated private placement and listing on Euronext Growth Oslo

The private placement will consist of a primary offering of up to 3,950,000 new shares to be issued by the company to raise gross proceeds of up to NOK 118.5 million, equivalent to approximately USD 13.7 million.

06.09.2021

Western Bulk publishes First Half 2021 results

In the first half of 2021 Western Bulk achieved a net profit of USD 9.0 million, a significant improvement from a loss of USD -2.9 million in the same period of 2020.

04.08.2021

Western Bulk publishes Annual Report 2020

Today Western Bulk published its 2020 Annual Report with a full year net profit after tax of USD 3.2 million and a Net TC result of USD 26.7 million.

18.03.2021

Second Half and preliminary 2020 results

In a year dominated by pandemic and lockdowns, Western Bulk is very satisfied to post significant improvements with second half year net profit.

11.02.2021

First half year 2020 results

Well positioned for the market downturn but negatively impacted by the Covid-19 supply chain disruptions.

04.08.2020

Media contacts

Kenneth Thu

Chief Financial Officer

+47 23 13 34 00

Hans Aasnæs

Chief Executive Officer

+47 23 13 34 00