Bunker Holding posted its “best-ever” results in the last financial year due to preparation for IMO 2020 and strong performance of its physical delivery business, the company said.

The Danish fuel conglomerate recorded pre-tax earnings of $155m in the year ended on 30 April, up from $77.3m in the previous financial year.

Revenue grew to $10.9bn from $10.6bn.

In a press release, Bunker Holding said the improved results reflects increased margins in fuel sales as the company made “through...