IHS Chemical Week

World News and Views :: Top of the News

Stolt Tankers' Weak Performance Dents Stolt-Nielsen's First-Quarter Results

7:26 AM MDT | April 12, 2012 | Sotirios Frantzanas

Stolt-Nielsen says net profits for its fiscal first quarter ended February 29, 2012 decreased significantly, to $7.9 million from $31.2 million in the year-earlier quarter. Sales, however, went up 10% in the first quarter, to $505.7 million compared with $458.7 one year earlier. Stolt-Nielsen attributes the earnings decline to a weak performance at the company's money-losing tankers business.     Niels Stolt-Nielsen: Weak markets for Stolt Tankers negatively affected results. The Stolt Tankers business reported operating losses of $8.6 million in the...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa