Icelandic container line Eimskip has stayed in profit in the second quarter thanks to swift cost-cutting measures.
As a response to the Covid-19 pandemic, the shipowner laid off 10% of full-time employees.
Chief executive Vilhelm Mar Thorsteinsson said he was "quite pleased" with the result, which saw net earnings hit €2.5m ($3m), compared to €2.8m in 2019.
This was above the company's expectations.
