The steady profits came as revenue rose 51.3% year-on-year to nearly US$232.6 million which Vallianz attributed to higher chartering and brokerage revenue, as its fleet size also increased last year, while it also generated higher revenue from ship management and shipyard services.
This helped offset a 70.2% rise in cost of sales to US$167.6 million as a result of the company's expanded scale of operations since acquiring new businesses in late 2014.
The
