Strong Q2 15 results: Based on revenue of $424m (-16%, o/w -28% in dry cargo, +39% in tankers), EBITDA turned positive to $51.7m (vs $-7.4m in Q2 14) due to the positive turnaround of the dry cargo division ($18.6m vs $-5.7m vs in Q2 14) and strong EBITDA from the tankers division ($35.3m vs $0.9m in Q2 14).
12 Aug 2015
Strong earnings from the tankers division
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Strong earnings from the tankers division
D/S Norden A/S (DNORD:CSE) | 0 0 2.3% | Mkt Cap: 4,970m
- Published:
12 Aug 2015 -
Author:
Hélène Coumes -
Pages:
3
Strong Q2 15 results: Based on revenue of $424m (-16%, o/w -28% in dry cargo, +39% in tankers), EBITDA turned positive to $51.7m (vs $-7.4m in Q2 14) due to the positive turnaround of the dry cargo division ($18.6m vs $-5.7m vs in Q2 14) and strong EBITDA from the tankers division ($35.3m vs $0.9m in Q2 14).