New York-listed SFI reported net income of $25m for thethree months to 30 June.

Though the John Fredriksen-linked company did not revealcomparative figures for the same period of last year, TradeWinds’ records showit booked a $61.2m net profit.

The result amounted to earnings per share of $0.29 against$0.77 in earnings per share for the second quarter of 2012.

Revenue fell to $66m from $83.6m