NORDEN reports net profit of USD 46 million in Q2 2024 and continue to return cash to shareholders
ANNOUNCEMENT NO. 170 – 8 AUGUST 2024 For Q2 2024, NORDEN reports a profit of USD 46 million (approx. DKK 320 million) and USD 108 million (approx. DKK 755 million) for the first half-year of 2024. Return on invested capital (ROIC) was 21% by end of Q2 based on the last twelve months. NORDEN narrows its full-year guidance of a net profit in the range of USD 160 to 240 million (approx. DKK 1,120–1,675 million) from previously USD 150 to 250 million (approx. DKK 1,050-1,745 million), including gains on sale of vessels from already signed and agreed transactions of USD 61 million (