TORM plc interim results for the first quarter of 2018
“We remained profitable in the first quarter of 2018 despite a muted freight rate environment, as the One TORM platform continues to deliver strong commercial results. In January, TORM successfully completed a USD 100m equity raise, which allowed us to execute on our fleet investment plan. The strong balance sheet and financial flexibility provided us the capacity to exercise options on three high specification MR newbuildings at historically attractive prices during April,” says Executive Director Jacob Meldgaard. · TORM realized an EBITDA of USD 37m (2017, same period: USD 44m). The