New contracts boosted Fjord 1's earnings last year, but investments in electric vessels have caused the ferry company to take a 10% hit to its final result for 2018.
The Norwegian transport company’s net profit fell from NOK 602.6m in 2017 to NOK 540.3m ($62.6m) last year.
This was despite 11% revenue growth during both the fourth quarter and full year 2018, thanks to new ferry contracts.
