Norway's Glastad family saw the book equity of its holding company rise substantially after a profitable year.
The diversified company, which has roots in the shipping industry dating back to the early part of the 19th century, reported book equity of NOK 2.26bn ($250m) at the end of 2019, up from NOK 1.98bn a year earlier.
The result for 2019, which has just been made publicly available, shows Glastad Holding had a pre-tax profit of NOK 278m, an improvement on the NOK 233m reported for 2018.
