TORM plc Q3/2024 Results, Dividend Distribution, and Financial Outlook 2024
INSIDE INFORMATION “Our performance this quarter remains strong, with fleet-wide freight rates slightly above last year's levels. Despite the expected impact of seasonality, we continued to deliver solid results in the third quarter,” says Jacob Meldgaard. Financial Results In the third quarter of 2024, TORM’s time charter equivalent earnings (TCE) amounted to USD 263.4m (2023, same period: USD 244.4m). TORM realized an adjusted EBITDA of USD 190.9m (2023, same period: USD 186.6m) and a net profit for the period of USD 130.7m (2023, same period: USD 124.3m). In the first nine