377 0 Kommentare Stolt-Nielsen Limited Reports Improved Unaudited Results For the Second Quarter and First Half of 2015

LONDON, July 2, 2015 - Stolt-Nielsen Limited (Oslo Børs: SNI) today reported unaudited results for the second quarter ended May 31, 2015. Net profit attributable to shareholders in the second quarter was $42.5 million, with revenue of $500.7 million, compared with a net profit of $38.7 million, with revenue of $487.7 million, in the first quarter of 2015. Net profit attributable to shareholders for the first six months was $81.2 million, with revenue of $988.4 million, compared with $49.4 million, and revenue of $1,060.1 million, in the first half of 2014.

Highlights for the second quarter of 2015, compared with the first quarter of 2015, were:

Stolt Tankers reported an operating profit of $30.4 million, up from $19.0 million, mainly reflecting lower bunker fuel prices, an improved spot market and the favourable impact of the stronger U.S. dollar.
The Stolt Tankers Joint Service Sailed-in Time-Charter Index^[1] was 0.72, up from 0.67 in the first quarter.
Stolthaven Terminals reported an operating profit of $14.3 million, down from $15.6 million, mainly reflecting increased maintenance costs at Stolthaven Houston.
Stolt Tank Containers reported an operating profit of $18.6 million, up from $16.0 million, driven by increased shipments and the positive impact of the stronger U.S. dollar.
Stolt Sea Farm reported an operating profit of $5.2 million, compared with an operating loss of $0.3 million. Volume sold of turbot and sole increased during the quarter. The accounting for inventories at fair value had a positive impact of $4.6 million in the second quarter, compared with a negative impact of $1.1 million in the first quarter.
Corporate and Other reported an operating profit of $2.8 million, compared with $21.1 million. The first quarter included a gain of $19.8 million before tax, resulting from the previously reported curtailment of a defined benefit pension plan.