2020 BULKERS SAO PAULO AS: årsregnskap 2024 vs 2023
Grew 32% on revenue, stronger earnings, cash halved-plus
approved 2025-05-28; registry 2025-06-18; journal 2025 532401
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 2020 BULKERS SAO PAULO AS. Revenue 97.52m NOK → 129.21m NOK (+32.5%). Net result +33.55m NOK → +50.59m NOK. Equity 51.75m NOK → 52.31m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for 2020 BULKERS SAO PAULO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 97.52m NOK to 129.21m NOK (+32.5% YoY). Calculated
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Operating result improved
Operating result +54.96m NOK → +84.70m NOK (op. margin 56.4% → 65.6%). Calculated
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Net result improved
Net result +33.55m NOK → +50.59m NOK (net margin 34.4% → 39.2%). Calculated
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Equity strengthened
Book equity 51.75m NOK → 52.31m NOK (equity ratio 11891.9% → 13.4%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 40.88m NOK → 14.46m NOK (-64.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (40.88m NOK → 14.46m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 157.60m NOK → 114.60m NOK — check capital reduction, conversion, or reclassification. Interpretation