Stolt-Nielsen Limited Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended November 30, 2016; Reaffirms Earnings Guidance for the Year 2017
January 30, 2017 at 11:16 pm IST
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Stolt-Nielsen Limited reported unaudited earnings results for the fourth quarter ended November 30, 2016. For the quarter, the company reported net profit attributable to shareholders in the fourth quarter was $22.8 million, with revenue of $463.0 million, compared with a net profit of $22.2 million, with revenue of $474.1 million, in the third quarter of 2016. Earnings dropped 15% for chemical shipper Stolt-Nielsen last year because of a soft tanker market, though profits increased in the fourth quarter.
For the year, the company reported, net profit attributable to shareholders for 2016 was $113.1 million, with revenue of $1,879.9 million, compared with a net profit of $132.7 million, and revenue of $1,983.7 million in 2015.
The company's outlook for 2017 remains largely unchanged from the company's previous guidance.
Stolt-Nielsen Limited is a long-term investor and manager of businesses focused on opportunities in logistics, distribution and aquaculture. The Companyâs portfolio consists of its three global bulk-liquid and chemical logistics businesses: Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers, Stolt Sea Farm and various investments. The Companyâs segment includes Tankers, Terminals, Tank Containers, Stolt Sea Farm and Stolt-Nielsen Gas. Stolt Tankers operates a fleet of chemical tankers, providing global transportation services for bulk-liquid chemicals, edible oils, acids and clean petroleum products. Stolthaven Terminalsâ global terminal network provides safe, storage and distribution services for chemicals, clean petroleum products, gas, vegetable oils, biofuels and oleochemicals in key markets and hubs worldwide. The Stolt Tank Containers is a provider of logistics and transportation services for door-to-door shipments of bulk-liquid chemicals and food-grade products.
Stolt-Nielsen Limited Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended November 30, 2016; Reaffirms Earnings Guidance for the Year 2017