DHT Holdings back in the red in second quarter

Bermuda-based DHT Holdings was not able to maintain its positive bottom line for long. After two profitable quarters, the company is back in the red. The deficit is smaller than at the same time last year, however.

Photo: DHT Holding / PR

The recovery was short-lived at DHT Holdings, which is back in the red in the second quarter after the preceding two quarters showed black figures on the bottom line, according to the company's interim report.

In total, DHT lost USD 10.5 million in the second quarter, which is quite the difference compared to the previous one, when the company booked a profit of USD 17.7 million. Compared to the second quarter of last year, however, DHT in fact succeeded in reducing its deficit, which at the time landed at USD 28.2 million.

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