Normalised net earnings were THB 986m ($30.5m), compared with a loss of THB 109m in 2013, excluding a one-off non-cash adjustment.

Revenue was up 14% to THB 22.34bn due to a strong increase in equity income.

The company added six supramaxes to its fleet of 24 ships during the year.

Fourth quarter net earnings for the Thoresen Shipping unit in this period were THB 19m, down from THB 117m from 2013.

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