Safe Bulkers, Inc. (NYSE:SB) To Present At Capital Link’s 8th Annual Investor Meet

Posted by Michael Korte March 20, 2014 0 Comment 7646 views

Safe Bulkers, Inc. (NYSE:SB) executives are looking forward to present at one of premier talk shops related to the shipping industry today. The confabulation is the 8th in a series that is being organized by Capital Link and brings together top honchos of nearly 20 listed shipping firms, financial analysts, banking heads and other industry stake holders. The key attraction for the shipping house executives is to be able to hawk their company past financial performance and future potential to institutional investors who will be making their presence felt in big numbers at this event. The conference is scheduled to being at the Metropolitan Club in New York City today.

Preparations Well Under Way

In anticipation of this event, Safe Bulkers, Inc. (NYSE:SB) filed full year financial statement with SEC on 19th March for its operations ending 31st December. The highlights of the filings are provided below. $186.7 million was the annual revenue that the firm reported for the full year. Its operating income came in at $92.8 million for the year, where as its net income applicable to common shares came in at $81.4 million for the same reporting period.

Impressive 4Q Results

The dry bulk transportation services provider had a difficult time amongst the investor community in the recent past in spite of impressive operational results. For its fourth quarter, it reported a 28 percent increase in revenue to $59.2 million in comparison to 4Q12. While its net income from the last quarter of the year fell by a slight 4 percent to bottom out at $31 million, its earnings per share for the fourth quarter came in at 38 cents. The board had also gone ahead and announced a dividend of six cents per share for the fourth quarter.

About Michael Korte

Michael Korte an investigative reporter at GDP Insider and is a breaking news reporter. Michael work includes investigations of misconduct by federal prosecutors and industrial air pollution around the nation's schools. His reporting has been recognized with the Hillman Prize for Newspaper Journalism, the Grantham Prize for Excellence in Reporting on the Environment, and the Philip Meyer Journalism Award for reporting that incorporates social science methods.

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