Wilh Wilhelmsen Holding has reported a surge in profits boosted by its key shipping joint ventures.
Net profit to equity holders of the Oslo-listed holding company of Norwegian maritime conglomerate Wilhelmsen, rose to $89m for the second quarter, up from $8m in the first quarter. Revenue jumped to $224m, from $201m in the first three months of the year.
“We saw positive development in all our operating companies in the second quarter, resulting in higher income, Ebitda and profit,” group chief executive Thomas Wilhelmsen said.
