TORM plc first quarter 2017 report
"I am encouraged that TORM remained profitable in a challenging first quarter of 2017 and delivered a very competitive performance. The results are attributable both to our strong commercial performance and an attractive cost structure. So far, TORM has remained profitable in the second quarter, where the product tanker market continues to be volatile," says Executive Director Jacob Meldgaard. In the first quarter of 2017, TORM realized a positive EBITDA of USD 44m and a profit before tax of USD 5m. · EBITDA for the first quarter of 2017 was USD 44m (2016, same period: USD 70m).