Wallenius Wilhelmsen Logistics reported a fourth-quarter profit that beat analysts expectations. But results were lower quarter-on-quarter as bunker and charter-in costs bit into results.
The auto shipping specialist reported fourth-quarter net profit of $86m, up from $17m in the year earlier quarter. Earnings per share came in at $0.20, which was better than the $0.16 consensus, according to Arctic Securities.
