Services :: Transportation
Stolt-Nielsen reports improved results following pick-up at Stolt Tankers
12:15 PM MST | January 30, 2014 | Natasha Alperowicz
Stolt-Nielsen today reported unaudited results for the fourth quarter, ended 30 November 2013. Net profit nearly doubled, to $36.6 million from $18.5 million in the fourth quarter of 2012. Revenues were up 3%, to $524.5 million, and operating profit was 31%, up to $59.8 million. Stolt Tankers reports an operating profit of $15.8 million, up from $9 million in the third quarter, as market conditions firmed for the third consecutive quarter. Stolthaven Terminals reports an operating profit of $15.5 million, up from $12 million, excluding third-quarter proceeds of...
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