TORM plc interim results for the half-year ended 30 June 2017
"I am satisfied that we have been able to deliver a profit for the first six months of 2017 despite a difficult product tanker market. Over the summer, we have utilized our strong capital structure to pursue two attractive vessel growth opportunities totaling six vessels at what we believe is an opportune time in the cycle," says Executive Director Jacob Meldgaard. In the first six months of 2017, TORM realized a positive EBITDA of USD 80m and a profit before tax of USD 3m. Q2 2017 had an EBITDA of USD 36m and a profit before tax of USD -2m. · EBITDA for the half-year ended