in this issue
Chemical Week Magazine :: Departments
Stolt-Nielsen reports lower first-quarter net profits
9:37 AM MDT | May 23, 2013 | —Ian Young
Stolt-Nielsen posted a fall in unaudited net profits for the first quarter of 2013 to $1.5 million, from $8 million in the corresponding quarter of 2012, on sales of $519.4 million, up from $505.7 million a year earlier. Operating profits increased to $33 million in the first quarter of 2013, from $30.7 million a year earlier. “Stolt-Nielsen’s poor first-quarter results were largely attributable to a loss at Stolt Tankers, where overall market conditions remain weak,” says CEO Niels Stolt-Nielsen. Stolt Tankers’ operating losses...
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