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EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2016

EARNINGS PER SHARE [Abstract]

Basic and diluted earnings per share

Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income by the weighted average number of common shares and the impact of potentially dilutive common stock equivalents were excluded as their effects would be anti-dilutive.

All figures in USD ‘000 except share and per share amounts		Six months ended June 30,
		2016				2015
Numerator
Net Income			42,270				58,642
Denominator
Basic – Weighted Average Common Shares Outstanding			89,313,615				89,182,001
Dilutive – Weighted Average Common Shares Outstanding			89,313,615				89,182,001
Earnings per Common Share
Basic			0.47				0.66
Diluted			0.47				0.66

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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