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.
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.
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