Christen Sveaas' investment company Kistefos has returned to profit in 2017 as bulker rates rose.
It said net earnings were NOK 341.1m ($44.1m), from a loss of NOK 857.06m the year before.
Free cash balances were NOK 1.05bn at year-end, against NOK 863m the year before.
Revenue in 2017 was NOK 9.37bn
