TORM
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. TORM's past years’ income statements indicate that its last revenue has increased compared to the previous period by 5% to $1,520,393,000. The net income raised on $648,265,000 and profit margin reached 43%. Total operating expenses were $175,511,000.
Profit Margin
| 2014 | 624.17M | -284.18M | -45.53% |
|---|---|---|---|
| 2015 | 540.40M | 125.98M | 23.31% |
| 2016 | 680.14M | -142.49M | -20.95% |
| 2017 | 656.99M | 2.40M | 0.37% |
| 2018 | 635.36M | -34.77M | -5.47% |
| 2019 | 692.61M | 166.02M | 23.97% |
| 2020 | 747.35M | 88.11M | 11.79% |
| 2021 | 619.5M | -42.1M | -6.8% |
| 2022 | 1.44B | 562.75M | 38.99% |
| 2023 | 1.52B | 648.26M | 42.64% |
TRMD Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 1.52B | 1.44B | 619.5M | 747.35M | 692.61M | 635.36M | 656.99M | 680.14M | 540.40M | 624.17M |
Cost of revenue | 646.28M | 598.49M | 371.8M | 349.84M | 377.86M | 400.00M | 382.85M | 365.57M | 248.99M | 351.98M |
Gross profit | 874.11M | 844.86M | 247.7M | 397.51M | 314.74M | 235.36M | 274.13M | 314.57M | 291.40M | 272.18M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 175.51M | 251.11M | 241.6M | 248.33M | 223.61M | 230.23M | 233.79M | 236.95M | 148.65M | 291.91M |
Operating income | 698.60M | 601.41M | 6.2M | 138.90M | 90.82M | 2.82M | 39.52M | -107.21M | 142.95M | -211.03M |
Other income (expenses), net | -46.59M | -44.75M | -47M | -49.37M | 75.98M | -1.80M | -36.34M | -184.72M | -15.93M | -3.54M |
Income before tax | 652.00M | 556.66M | -40.8M | 89.52M | 166.80M | -33.22M | 3.18M | -141.73M | 127.02M | -283.41M |
Income tax expense | 4.03M | -5.91M | 1.3M | 1.41M | 784K | 1.55M | 777K | 760K | 1.04M | 769K |
Net income | 648.26M | 562.75M | -42.1M | 88.11M | 166.02M | -34.77M | 2.40M | -142.49M | 125.98M | -284.18M |
Earnings per share | ||||||||||
Basic EPS | 7.75 | 7.03 | -0.54 | 1.27 | 2.25 | -0.48 | 0.04 | -2.27 | 2.4 | -12.49 |
Diluted EPS | 7.48 | 6.9 | -0.54 | 1.27 | 2.25 | -0.48 | 0.04 | -2.27 | 2.4 | -12.49 |
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