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TORM Posts Record Q2 Earnings and Approves $2.40 Dividend

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Sig2.70Sen+6.75Env-1.50Soc0.00Gov+2.25

TORM reported record Q2 TCE earnings of $512 million and net profit of $338 million, with EBITDA rising to $416 million. The board approved a $2.40 per-share dividend, paying $246 million, as net interest-bearing debt fell to $715 million. Valuations show an NAV of $3.7 billion, while fleet mix shifted—some LR2 vessels moved from clean products to crude and about a quarter of the fleet remains under sanctions.

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