Pareto Shipbrokers has delivered another annual profit despite a slump in the offshore vessel sector.
The offshore-focused Norwegian shipbroker reported a pre-tax profit of NOK 14.5m ($1.6m) for 2019, down from NOK 16.1m in 2018, according to an annual report.
Operating revenue increased from NOK 26.8m to NOK 33.9m.
Continued profits
The result continues the outfit's record of delivering profits every year since the collapse in the offshore market in 2014.
