Japan's NS United has added another ¥1.9bn ($18m) to its earnings forecast for the fiscal year as bulker profits exceeded expectations.
The company will now book net profit of ¥6.1bn for the financial year ended 31 March, up from its previous prediction of ¥4.2bn made on 29 January.
Earnings in the fiscal year ending 31 March 2020 were ¥5.9bn.
NS United said markets hit by Covid-19 at the start of the latest financial year had turned to "show recovery beyond our initial expectations of sea transportation demand".
