pre_text: ALTERNATIVE PERFORMANCE MEASURES Gross profit: TORM defines Gross profit, a performance measure, as revenue less port expenses, bunkers and commissions, charter hire and operating expenses. The Company reports Gross profit because we believe it provides additional meaningful information to investors, as Gross profit measures the net earnings from shipping activities. Gross profit is calculated as follows:
table: USDm 2019 2018 2017
table: Reconciliation to revenue
table: Revenue 692.6 635.4 657.0
table: Port expenses, bunkers and commissions -267.7 -283.0 -259.9
table: Charter hire - -2.5 -8.5
table: Operating expenses -173.0 -180.4 -188.4
table: Gross profit 251.9 169.5 200.2
question: Analyse this data from a financial earnings document. What was the change in gross profit in 2019 from 2018?