ShippingWatch

Danish Ship Finance makes USD 149 million profit

Danish Ship Finance grew its profit after taxes significantly in the first half of 2014. Increased repayment on loan impairments drives improvements.

Photo: Danmarks Skibskredit PR

Danish Ship Finance saw its profit soar in the first half of the year, where the bank achieved a profit before taxes of USD 149 million - a significant improvement over the same period last year, where the result was USD 19.7 million, according to the interim report.

This development is caused by one factor in particular, says Danish Ship Finance:

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