Havila Holding, veteran shipowner Per Saevik's investment company, has recorded record results for 2017.
Havila Holding logged a pre-tax profit of close to NOK 2.1bn ($262m), according to its newly released annual report.
Operating revenue jumped from NOK 3.854bn in 2016 to NOK 5.296bn.
The huge profit is largely due to sale of shares and the stock listing of Fjord1, which is Norway’s biggest ferry owner.
This company started trading on the Oslo Stock Exchange 15 August last year, but Havila Holding still has a majority stake in Fjord1.
The result comes despite an ongoing crisis in the offshore industry, where the company is involved through Havila Shipping, and challenges for shipbuilding company Havyard.
Saevik's children are actively involved in the group, with son Njaal chief executive of Oslo listed Havila Shipping and Njaal's brother Vegard and sister Hege Saevik Rabben working for Fosnavaag-based Havila Holding.
This year Havila has also set up Havila Kystruten which will operate coastal ships between Bergen and Kirkenes.
Four new ships shall be built two at the Barreras yard in Spain and two likely at a Turkish shipyard. They are likely costing some NOK 1bn each.
