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Stolt-Nielsen's first-quarter earnings rise

1:06 PM MDT | April 3, 2014 | Ian Young

Stolt-Nielsen says its net profit for the first quarter of 2014 soared to $19 million from $1 million in the corresponding period of 2013, on revenue of $517 million, down from $519 million one year earlier. First-quarter 2014 operating profit was $46 million, up from $33 million in the year-ago quarter. The net profit figure includes a dilution gain of $8 million on share transactions related to Stolt's investment in liquefied petroleum gas shipping joint venture Avance Gas Holding Ltd. (Hamilton, Bermuda). However, Stolt's earnings and sales declined in the...

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