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The latest announcement is out from Torm ( (TRMD) ).
TORM plc announced its interim results for the second quarter and half-year ended June 30, 2025, highlighting a strong performance despite global uncertainties. The company reported a decline in year-over-year earnings due to normalized freight rates compared to the high levels of 2024, achieving a net profit of USD 58.7 million. Despite these challenges, TORM maintained stable rates and increased available earning days, reflecting a resilient market environment. The company also raised its full-year guidance, indicating strong momentum for the second half of the year. Additionally, TORM sold several older vessels as part of its fleet management strategy.
The most recent analyst rating on (TRMD) stock is a Buy with a DKK137.00 price target. To see the full list of analyst forecasts on Torm stock, see the TRMD Stock Forecast page.
More about Torm
TORM plc operates in the shipping industry, focusing primarily on the transportation of refined oil products. The company is known for its fleet of product tankers, which are integral to its operations in the global maritime market.
Average Trading Volume: 265,034
Current Market Cap: DKK11.92B
For detailed information about TRMD stock, go to TipRanks’ Stock Analysis page.