Norden maintain the overall guidance
Despite a loss in Dry Operator in the second quarter, NORDEN maintain the overall guidance of USD 25-60 million profit for 2019. The adjusted result for the first half-year of 2019 is a loss of 5 million dollar, compared to a profit of 12m dollar in H1 2018.
“Dry Operator entered the second quarter on the wrong foot but managed to quickly adjust its position to still generate a positive trading margin. However, this was not enough to prevent a loss in this business unit. Despite the disappointing result, we still expect Dry Operator to be profitable for the full year, which, combined with a firming forward Tanker market, enables NORDEN to maintain the overall guidance of USD 25-60 million profit for 2019”, says CEO Jan Rindbo.
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