Torm projects USD 100 mln operating profit for H1

With a finalized restructuring in sight, Torm is now increasing its guidance for the first half of 2015. The carrier thus expects a USD 5-10 million profit before taxes for the first six months the year.

Torm projects a positive operating result (EBITDA) of USD 95-100 million and a pre-tax result of USD 5-10 million for the first half of 2015, says the carrier in a corporate statement on Wednesday.

The carrier has now secured the necessary consents to complete the company's planned financial restructuring.

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