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EARNINGS PER SHARE AND DIVIDEND PER SHARE

12 Months Ended

Dec. 31, 2018

Disclosure Of Earnings Per Share And Dividend Per Share [Abstract]

EARNINGS PER SHARE AND DIVIDEND PER SHARE

NOTE 25 – EARNINGS PER SHARE AND DIVIDEND PER SHARE

	2018		2017		2016
EARNINGS PER SHARE

Net profit/(loss) for the year (USDm)		-34.8		2.4		-142.5

Million shares
Weighted average number of shares		73.4		62.3		63.1
Weighted average number of treasury shares		-0.3		-0.3		-0.2

Weighted average number of shares outstanding		73.1		62.0		62.9
Dilutive effect of outstanding share options		-		-		-
Weighted average number of shares outstanding incl. dilutive effect of share options		73.1		62.0		62.9

Basic earnings/(loss) per share (USD)		-0.48		0.04		-2.27

Diluted earnings/(loss) per share (USD)		-0.48		0.04		-2.27

When calculating diluted earnings per share for 2018, RSUs have been omitted as they are out-of-the-money and thus anti-dilutive, but the RSUs may potentially dilute earnings per share in the future. Please refer to Note 3 for information on the RSU share options.

	2018		2017		2016
DIVIDEND PER SHARE

Dividend for the year (USDm)		-		1.2		25.0

Number of shares, end of period (million)		74.2		62.3		62.3
Dividend per share		-		0.02		0.40

There is no proposed dividend as of 31 December 2018.