EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2024

EARNINGS PER SHARE [Abstract]

Basic and Diluted Earnings per Share

Basic earnings per share (“EPS”) are 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 dilutive common stock equivalents outstanding during the period.

	Six months ended June 30,
All figures in USD ‘000 except share and per share amounts	2024		2023
Numerator
Net Income		36,662		73,721
Denominator
Basic – Weighted Average Common Shares Outstanding		208,796,444		208,796,444
Dilutive – Weighted Average Common Shares Outstanding		209,640,819		208,796,444
Net Income per Common Share
Basic		0.17		0.35
Diluted		0.17		0.35