in this issue
Regions :: Western Europe :: Sweden
Odfjell swings to net profit
1:10 PM MST | November 14, 2013 | Ian Young
Odfjell swung to a $9-million net profit in the third quarter from a $39-million net loss in the corresponding quarter of 2012, on sales of $296 million, up from $276 million in the year-ago quarter. Ebitda soared year-on-year (YOY) to $37 million from $8 million. The stronger results reflect improvement in Odfjell's chemical tankers and tank terminal businesses, each of which returned to operating profit, the company says. Odfjell's tankers business swung to an operating profit of $7 million in the third quarter from a $9-million operating loss one year earlier...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee