Umoe Group has turned a stable profit in its LNG carrier outfit despite a group-wide loss.
Contrary to other business segments in the Norwegian group, Umoe Gas Carriers — the Jens Ulltveit-Moe-controlled company’s only involvement in shipping — has just reported a pre-tax profit of $9.9m for last year, down from $11.2m in 2017.
The company had a book equity of $95.1m
