Torm's long path toward a profit
While Torm's Executive Board on the one hand is chasing new investors, CEO Jacob Meldgaard on the other hand is trying to make the shipping company achieve a profit that might attract new investors. But there is still a long way to go.
BY TOMAS KRISTIANSEN
Torm presents both good and bad news in the company's financial report, depending on where one stands. The 3rd quarter deficit fell in line with the shipping company's expectations, and the expected deficit for 2013 as a whole also seems somewhat unchanged. This is the part that deals with running the restructured tanker carrier.
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