Selfinvest, the holding company of Denmark’s Ostergaard-Nielsen family, has emerged from a pandemic-hit year with its best-ever profit figures.

The private firm, which owns the United Shipping & Trading (USTC) bunker and tanker group, said pre-tax earnings in the 12 months to 30 April were a record DKK 1.22bn-plus ($173m), up DKK 621m from the previous year.

Revenue was 81% higher at DKK 120bn, while net profit jumped to DKK 986m from DKK 494m.