Exmar reported a 39% decline in net income for 2015 due to a capital gains on asset sales recorded the year earlier.

The diversified energy shipping firm reported consolidated 2015 net income 2015 of $41.4m compared to $68.3m a year earlier. Earnings per share saw a similar decline to $0.73 per share.

Last year's results were aided by $33.6m in capital gains from asset sales.