Stolt’s profits dip

Stolt-Nielsen posted unaudited results for its fiscal fourth quarter, ended 30 November 2012, showing net profit attributable to shareholders of $18.2 million, down from $22.2 million, and revenues of $510.9 million, down from $512.9 million one year earlier. Net earnings more than doubled from the previous quarter but sales slipped 1%. “Excluding one-time gains and charges, Stolt-Nielsen’s fourth-quarter results were up slightly, compared with the third quarter,” says Niels Stolt-Nielsen, CEO of...

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