DHT Holdings reports Q2 EPS 35c, consensus 37c

Reports Q2 revenue $112.9M, consensus $112.23M. The company said, “During the quarter, the freight market experienced meaningful volatility. However, when compared to earlier comparable periods, the lows have been significantly higher with ships of Eco-design and fitted with Exhaust Gas Cleaning Systems bottoming out in the high $30k to low $40k per day levels, well above our net income and cash break-even even levels. This suggests to us that the current underlying freight market is between balanced and tight, and easily triggered for upward movements and stronger earnings for our company.”