Japan’s Iino Kaiun has increased its profit forecast for the full financial year by 20% after reporting improved earnings in the third quarter.
It now forecasts that it will make a profit attributable to the owners of the parent for the full year, to the end of March, of ¥10bn ($86.6m), compared with its previous forecast of ¥8.3bn.
The Tokyo Stock Exchange-listed company said its outlook had been boosted by improved chemical tanker and dry bulk earnings.
