NORDEN reports net profit of USD 243 mill. and pays interim dividend to the shareholders
ANNOUNCEMENT NO. 229 - 3 NOVEMBER 2022 For Q3 2022 NORDEN reports a profit of USD 243 million (approx. DKK 1.9 bill.). Cash flow from operating activities amounts to approx. USD 399 mill. (approx. DKK 3 bill.). Return on equity at 64% at end of Q3. NORDEN CEO, Jan Rindbo, comments: “NORDEN’s third quarter net profit of USD 243 million and 64% return on equity is a testimony to our unique trading model. During the quarter, NORDEN generated high dry cargo earnings in a weakening market. In addition, our large exposure to tankers enabled NORDEN to capitalise on surging