Japanese owner Kyoei Tanker has seen annual profits soar despite a dip in revenues, as ship sales boosted the bottom line.
It posted a net profit of JPY 2.02bn ($18.89m) in the year to 31 March, compared to JPY 614m in the previous 12 months.
Revnues dropped to JPY 9.79bn, from JPY 10.2bn, and operating profit was also down at JPY 1.1bn,
