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EARNINGS (LOSS) PER SHARE
 6 Months Ended
Jun. 30, 2020
EARNINGS (LOSS) PER SHARE [Abstract]  
EARNINGS (LOSS) PER SHARE
8. EARNINGS (LOSS) PER SHARE

Basic earnings per share (“EPS”) are computed by dividing net income (loss) 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 dilutive common stock equivalents outstanding during the period.

  
Six months ended June 30,
  
All figures in USD ‘000 except share and per share amounts
  
2020
    
2019
  
Numerator
            
Net Income (Loss)
    
88,716
      
(9,341
)
Denominator
                
Basic – Weighted Average Common Shares Outstanding
    
147,872,500
      
141,969,666
  
Dilutive – Weighted Average Common Shares Outstanding
    
148,861,500
      
141,969,666
  
Earnings per Common Share
                
Basic
    
0.60
      
(0.07
)
Diluted
    
0.60
      
(0.07
)

Total outstanding number of shares as of June 30, 2020 is 149,689,717.