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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2018
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE
9. 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.


 
Nine months ended September 30,
 
All figures in USD ‘000 except share and per share amounts
 
2018
  
2017
 
Numerator
      
Net (Loss)/Income
  
(84,840
)
  
(53,604
)
Denominator
        
Basic – Weighted Average Common Shares Outstanding
  
141,969,666
   
101,969,666
 
Dilutive – Weighted Average Common Shares Outstanding
  
141,969,666
   
101,969,666
 
Earnings per Common Share
        
Basic
  
(0.60
)
  
(0.53
)
Diluted
  
(0.60
)
  
(0.53
)