Norway’s Stolt-Nielsen Q4 profit more than doubles, sales up 2.7%

30 January 2014 07:31  [Source: ICIS news]

SINGAPORE (ICIS)--Norway’s Stolt-Nielsen said on Thursday its fourth-quarter net profit more than doubled to $36.7m (€30.1m) from the previous corresponding period, driven by a strong performance of its tankers division.

The company’s revenue for the three months ending November 2013 rose 2.7% to $524.5m, it said in a statement.

Stolt Tankers posted an operating profit of $15.8m in the fourth quarter, up by 75.6% year-on-year, as market conditions improved, the company said.

For the full year of 2013, the company’s net profit rose by 22.2% year on year to $85.8m, while revenue was up by 1.34% at $2.1bn.

(€1 = Swfr1.22)

By: Nurluqman Suratman

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