Christoph Toepfer-led Borealis Finance made a remarkable turnaround in profit as it continues to benefit from booming boxship markets.
The Oslo-listed company reported a profit for the first quarter of the year $3.2m, turning around a loss of $963,000 in the same period last year.
Net revenue was $27m for the first quarter, compared with $23.3m last year.
Borealis had taken advantage of a container market that had gone from “strength to strength”, the company said.
