Beverly Hills 11/25/2009 1:38:22 AM
News / Business

DHT Maritime 3Q Profit Sinks 91 Percent

Finance World News Update by EQUITIES Magazine

Depressed charter rates, weak demand and a one-time financial hedging loss drove down DHT Maritime Inc.’s third-quarter profit by 91 percent.

 

News that the company suspended its dividend for the second quarter in a row coupled with this most recent announcement sent shares tumbling 20 cents, or nearly 5 percent, to $3.85 in morning trading.

 

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