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Torm PLC (TRMD.OQ)

TRMD.OQ on NASDAQ Stock Exchange Global Select Market

8.05USD
15 Jun 2018
Change (% chg)

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$8.05
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1,830
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$8.40
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$7.00

Latest Key Developments (Source: Significant Developments)

Torm Q2 EBITDA $56.6 million
Tuesday, 16 Aug 2016 

Torm Plc : Q2 EBITDA $56.6 million versus pro forma $75.3 million year ago . Q2 pre-tax profit $15.2 million versus pro forma $45.2 million year ago . For 2016 has changed EBITDA interval to positive range of $210 million - $250 million from $250 million - $330 million, profit before tax range to $50 million - $90 million from $100 million - $180 million . During Q2, product tanker freight rates remained at profitable levels, however at a softer level compared to same period in 2015 .Says in general, refinery utilization was high although at a lower level compared to Q1 of 2016, due to maintenance and high gasoline and diesel stocks globally.  Full Article

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