K Line has reported an annual profit of JPY 10.4bn ($95m), reversing a year ago loss of JPY 139.4bn.

The company was boosted by a 12.8% year-on-year increase in revenue to JPY 1.1 trillion in the financial year to 31 March, 2018.

K Line’s containership arm saw revenue increase 15% year-on-year to JPY 598.5bn,