Key Developments For Torm A/S
Torm A/S (TRMD.O) (Nasdaq)
A/S Dampskibsselskabet Torm (TORM) Announces Sale Of One Dry Bulk Vessel
A/S Dampskibsselskabet Torm (TORM) announced that it has entered into an agreement to sell the Panamax dry bulk vessel TORM Charlotte (built in 2005). The vessel has been sold for a total consideration of USD35 million with a profit of USD9 million. The vessel is expected to be delivered in the first quarter of 2010.
A/S Dampskibsselskabet Torm (TORM) Announces Sale Of One Dry Bulk Vessel
A/S Dampskibsselskabet Torm (TORM) announced that it has entered into an agreement to sell the Panamax dry bulk vessel TORM Rotna (built in 2001). The vessel has been sold for a total consideration of USD29 million with a profit of USD9 million. The vessel is expected to be delivered in the first quarter of 2010.
A/S Dampskibsselskabet Torm (TORM) Reaffirms FY 2009 Earnings Guidance
A/S Dampskibsselskabet Torm (TORM) ) maintained its guidance for a profit before tax of around break-even for fiscal 2009.
A/S Dampskibsselskabet Torm (TORM) Reaffirms FY 2009 Earnings Guidance
A/S Dampskibsselskabet Torm (TORM) maintained its guidance for a profit before tax of around break-even for fiscal 2009. According to Reuters Estimates, the analysts on average are expecting the Company to report pre-tax profit of USD(3.00) million for the same period.
A/S Dampskibsselskabet Torm (TORM) Lowers FY 2009 Guidance
A/S Dampskibsselskabet Torm (TORM) announced that it has lowered its guidance for the fiscal year 2009. The Company expects to report pre-tax profit for the fiscal year 2009 at break-even point, instead of the previously expected pre-tax profit of between USD 100 million and USD 140 million. According to Reuters Estimates, the analysts on average are expecting the Company to report pre-tax profit of USD 84.70 million for the fiscal year 2009.
