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Provider: Reuters Investment Profile
Provider: GlobalData
Provider: Wright Reports
Provider: GlobalData

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Torm A/S Updates on FY 2013 Pre-Tax Loss Guidance

Thursday, 11 Apr 2013 03:55am EDT 

Torm A/S announced that the Company expects a loss before tax for the fiscal year 2013 of between USD 100 million and USD 150 million excluding any vessel sales and impairment losses. Given that 24,676 earning days remained open at the end of 2012, profit/loss before tax would be impacted by USD 25 million by a change in freight rates of USD/day 1,000. As described in the Company's Annual Report, TORM expects to remain in compliance with the financial covenants in 2013. According to I/B/E/S Estimates, analysts on average are expecting the Company to report pre-tax loss of USD 97.00 million. 

Company Quote

26 Nov 2014