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Endofa after first profit: "We're better at choosing our battles"

Danish bunker company Endofa has become better at saying no and focusing on the bottom line instead of growing revenue. This change in culture is part of the explanation behind the group's profit in 2016, CFO tells ShippingWatch.

Photo: Modelfoto/Colourbox
BY NIKLAS KRIGSLUND, SHIPPINGWATCH

A more conservative approach to buying and selling marine fuel has paved the way for the first profit in Endofa's history.

After major losses during its first years, Endofa has finally managed to book a profit in 2016, in which the bottom line showed DKK 3.5 million (USD 535,000) compared to a large deficit in the previous year.

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