ShippingWatch

Even DFDS was not enough to give Lauritzen Foundation a profit

Lauritzen Foundation reports a deficit of DKK 312 million for 2019, when a big deficit for shipping company J. Lauritzen took a toll, while DFDS produced dividends of almost DKK 100 million. Prospects for both shipping companies look uncertain in light of the coronavirus outbreak.

Photo: PR-FOTO

Developments went the wrong way for Lauritzen Foundation in 2019, as the fund reports a deficit of DKK 312 million (USD 45.4 million) after taxes, compared to a profit of DKK 432 million the year before, shows the annual report.

Revenue came to DKK 20 billion, which was more or less on par with the year before.

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