Klaveness Marine Holding has reported a plunge in its annual profit as shipping dragged on its result, although the Norwegian conglomerate has managed to boost its equity.
The private company, which is controlled by Tom Erik Klaveness and his family, saw its pre-tax profit drop from NOK 261m ($31.4m) in 2020, up from NOK 227m in the prior year.
That came as operating revenue fell to NOK 396m in 2020, down from NOK 431m a year earlier.
