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Dry Bulk Finance Denmark

Norden drops full-year profit guidance on calculation error

The Danish owner and operator has revised down its estimate for full-year results by about $15m based on a miscalculation related to an IFRS 16 accounting standard in the tankers unit

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The company expects full-year results to sit within a range of $10m to $45m as it lowered guidance in the tankers unit. It however raised estimates in the dry operator unit

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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