Ocean Yield reported a 33% increase in net income for the fourth quarter as revenue grew 25%. But the company also reported an impairment charge on the 11,000-dwt Lewek Connector (built 2011).
The Lars Solbakken-led company reported net profit outside of one-time items of $36.9m compared to $27.6m in the year earlier quarter. Revenue of $82m was up from the $65.6m reported in the year earlier quarter.
