Dutch shipping group Smit Internationale NV will continue cost-cutting in 2001 and put more focus on growth markets. "Our company should become more transparent and the risk profile of our market groups and activities should be clear," Chief Executive Nico Buis said. He declined to elaborate until decisions on the company's "sharpened strategy" are made by this summer, but added the number of business units would be cut. Earlier on Friday, Smit posted total 2000 net profits of 14.2 million euros ($12.5 million), down from 25.5 million in 1999. Last year, Smit had already predicted a substantial profit fall as the maritime contracting markets had slumped. In December it said it would reorganize various units.