Euronav (CMBT) has released an update.
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Euronav, now CMB.TECH, reported a strong Q2 2024 with a profit of USD 184.4 million and a significant year-to-date net profit of USD 679.6 million, reflecting a robust financial performance. The company also announced a USD 4.57 per share dividend and has strategically expanded its fleet, including the delivery of 7 new vessels and the signing of new long-term charters worth approximately USD 161 million. Amidst its transformation, CMB.TECH completed key sales including older tankers and Euronav Ship Management Hellas, further positioning itself in the shipping industry’s move towards decarbonization.
For further insights into CMBT stock, check out TipRanks’ Stock Analysis page.
