Per Saevik-backed Fjord1 has increased earnings as revenue grew in the third quarter.
The ferry owner, which listed in Oslo this year, said net profit was NOK 169.3m ($20.72m), compared to NOK 155m in 2016.
Revenue was down at NOK 273m from NOK 401.7m, but other income rose to NOK 488.5m against NOK 287.3m.
Operating costs increased to NOK 472.6m versus NOK 433.24m a year ago.
This month the owner successfully sold a NOK 1bn bond with maturity in November 2022.
