Stolt-Nielsen Limited reported unaudited consolidated earnings results for the fourth quarter and full year ended November 30, 2014. Net profit attributable to shareholders in the fourth quarter was $13.1 million, with revenue of $532.3 million, compared with a net profit of $14.6 million, with revenue of $545.4 million, in the third quarter. Stolt Tankers reported an operating profit of $8.6 million versus $8.4 million. Excluding the impact of one-time items in the fourth and third quarters, Stolt Tankers had its strongest quarterly performance of the year. The Stolt Tankers Joint Service Sailed-in Time-Charter Index1 was 0.65, consistent with the prior quarter. Stolthaven Terminals reported an operating profit of $17.8 million, up from $16.2 million. Results for the quarter reflected $3.8 million related to the termination of a customer contract at Stolthaven New Zealand, and the positive impact of new capacity coming into operation in Singapore. Stolt Tank Containers reported an operating profit of $19.5 million, up from $17.6 million, as momentum was maintained despite a decrease in shipments. Stolt Sea Farm reported an operating loss of $0.4 million, compared with operating profit of $2.8 million, as the accounting for inventories at fair value had a negative impact of $0.4 million in the fourth quarter, compared with a positive impact of $1.8 million in the third quarter. Corporate and other reported an operating loss of $6.8 million, down from $0.3 million operating profit, mostly as a result of the expected severance related to the Norwalk, Connecticut office relocation. Operating profit for the quarter was $38.6 million compared to $57.760 million a year ago. Profit before income tax was $16.085 million compared to $36.494 million a year ago. Basic and diluted EPS was $0.23 compared to $0.61 a year ago.

Net profit attributable to shareholders for 2014 was $77.1 million, with revenue of $2,137.9 million, compared with a net profit of $82.0 million, with revenue of $2,099.5 million, in 2013. Net cash generated by operating activities was $270.413 million compared to $189.997 million a year ago. Capital expenditures were $322.724 million compared to $280.978 million a year ago. Operating profit was $188.6 compared to $189.2 million a year ago. Profit before income tax was $93.154 million compared to $102.140 million a year ago. Basic and diluted EPS was $1.33 compared to $1.41 a year ago. Purchase of intangible assets was $2.420 million compared to $2.742 million a year ago.