Norden netprofit of 28.8 mio. dollar
Danish shipping company Norden gained a net. Profit of 28,8 million dollars in 2018, compared to 24.6 million in 2017. The result for the year adjusted for profit from sale of vessels etc. was 20 million dollars compared to 28 million dollar I 2017.
“2018 marked a highly successful first full calendar year with the Dry Operator and Dry Owner set-up. Dry Operator alone realised an Adjusted Result of 30 million dollars, and with strong performance in the fourth quarter demonstrated its ability to generate value also in softening markets. The profits generated in our two dry cargo business units show the strength of our business model and more than off-set losses in Tankers in a historically poor tanker market”, CEO Jan Rindbo says.
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