NORDEN reports net profit of USD 62 million for the first quarter of 2024 and continues to return cash to shareholders
NORDEN CEO, Jan Rindbo, comments:
“NORDEN generated a net profit of USD 62 million in the first quarter and a ROIC of 26% in the last twelve months. Our tanker activities performed well, as did our investments in assets, contributing positively to earnings and higher asset values, while as expected, we faced short-term headwinds from higher charter costs in dry cargo. We maintain our full-year guidance expecting gradually higher margins in dry cargo during the year, and will return USD 30 million (approx. DKK 210 million) to shareholders for the first quarter.”
Related documents
![](https://cms.norden.com/sites/default/files/styles/small/public/2024-04/q1REPORT_TILE.jpg?itok=38HMBO1d)
Interim report - First quarter 2024
![](/sites/default/files/2024-04/Investorfilm_placeholder960X540.jpg)
Investor Film
![](https://cms.norden.com/sites/default/files/styles/small/public/2024-04/IRPresentation_WebsiteTile.jpg?itok=9kEpxaTq)
Investor presentation
![](https://cms.norden.com/sites/default/files/styles/small/public/2023-09/SFR_low.jpg?itok=o6CdbW7n)