One of Norway's most storied shipping and oil family firms, Smedvig, saw profits leap last year on the back of its property and financial investments.
Stavanger-based Smedvig generated pre-tax profit of NOK 656m ($65.6m) in 2019 up from NOK 98m in 2018.
Today, Smedvig is a leading property developer in Norway alongside fund investments and its London-based private equity arm.
