NORDEN achieves fantastic Q2 result and pays interim dividend to shareholders
ANNOUNCEMENT NO. 157 - 18 AUGUST 2022 For Q2 2022 NORDEN reports a profit of USD 179 million (approx. DKK 1.3 bill.) (Q2 2021: USD 32 million - approx. DKK 233 mill.). Cash flow from operating activities amount to approx. USD 350 mill. (approx. DKK 2.6 bill.). NORDEN CEO, Jan Rindbo, comments: “Fantastic second quarter result based on a significant shift in market exposure from dry cargo to product tankers. This has enabled NORDEN to capitalise on the exceptional product tanker rates, while also generating value in a weakening dry cargo market from an extensive cargo and cover