TORM plc Q2/2024 Results, Dividend Distribution, and Financial Outlook 2024
”Our strong performance continued in the second quarter of 2024, building on the positive momentum from previous quarters,” says Jacob Meldgaard, adding: ”We will once again distribute significant dividends to our shareholders while also selectively expanding our fleet, further positioning us to capitalize on strong market fundamentals.” Financial Results In the second quarter of 2024, TORM’s time charter equivalent earnings (TCE) amounted to USD 325.9m (2023, same period: USD 308.0m including unrealized gains on derivatives of USD 37.0m). TORM realized an adjusted EBITDA of USD 251.