ShippingWatch

Torben Østergaard's holding company reports growing profit

Selfinvest, the parent company of United Shipping & Trading Co., USTC, delivers a record result for 2019/2020 with a profit of DKK 1 billion before taxes. Prospects for the coming year are more uncertain.

Photo: PR / USTC

Torben Østergaard-Nielsen's parent company Selfinvest delivered a record result for the financial year 2019/2020.

The business empire that covers United Shipping & Trading Co., USTC, reports a profit of DKK 1.02 billion (USD 153.6 million) before taxes, a significant improvement from last year's result of DKK 387 million.

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