Ostergaard-Nielsen logs record result, but it won't be repeated this year

Danish tycoon Torben Ostergaard-Nielsen's holding company Selfinvest has revealed record profit for its last financial year.

But the tanker and bunker holding company will not see a repeat this year as coronavirus effects begin to be felt.

Middelfart-based Selfinvest, the owner of United Shipping & Trading Co (USTC), announced a net profit of DKK 839m ($126m) in the 12 months to 30 April, up from DKK 270m the year before.