Middelfart-based Bunker Holding on Thursday (20 June) reported “strong results” for the fiscal year 2018/19.
It recorded a 31% growth in revenues to US $10.64 billion. The strong growth resulted in increased earnings to US $77.3 million before tax, almost doubling earning as compared with the earlier fiscal year.
Bunker Holding also succeeded in increasing its equity to US $318 million in the fiscal year 2018/19.
“I am very pleased with this year’s strong financial performance which is a result of our solid business model and focused strategy execution – achieved through the unique skills and hard work of our dedicated employees,” said Keld R. Demant, CEO, Bunker Holding Group.
“The solid financial position and our new industry-leading credit facility give us an exceptional position and, combined with the trust and support we experience from the market, we are prepared for taking on the 2020 challenge.”
The annual report will be released on 8 July 2019.
Photo credit: Bunker Holding
Published: 21 June, 2019
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Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead.
