Norway’s JJ Ugland Group has posted a bigger profit for 2023 after bringing in outside investors to co-own vessels.
Grimstad-headquartered holding company Uglands Rederi’s annual report shows net earnings of NOK 328m ($31m) last year, against NOK 306m in 2022.
Revenue was down to NOK 578m from NOK 830m the year before, but financial expenses were reduced to NOK 13.7m
