Brief: Torm Q2 EBITDA $56.6 million

Torm

16/08/2016 07:48

Aug 16 (Reuters) - Torm Plc  TRMDa.CO : 
    * Q2 EBITDA $56.6 million versus pro forma $75.3 million year ago 
    * Q2 pre-tax profit $15.2 million versus pro forma $45.2 million year ago 
    * For 2016 has changed EBITDA interval to positive range of $210 million - $250 million from 
$250 million - $330 million, profit before tax range to $50 million - $90 million from $100 
million - $180 million 
    * During Q2, product tanker freight rates remained at profitable levels, however at a softer 
level compared to same period in 2015 
    * Says in general, refinery utilization was high although at a lower level compared to Q1 of 
2016, due to maintenance and high gasoline and diesel stocks globally 
 
Source text for Eikon:  ID:nHUG8zc0vF  
Further company coverage:  TRMDa.CO  
 
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