Stolt-Nielsen Limited Reports Unaudited Results For the First Quarter of 2021
LONDON, April 8, 2021 – Stolt-Nielsen Limited (Oslo Børs: SNI) today reported unaudited results for the first quarter ended February 28, 2021. The Company reported a first-quarter net profit attributable to shareholders of $2.5 million, with revenue of $480.2 million, compared with a net profit attributable to shareholders of $13.4 million, with revenue of $480.6 million, in the fourth quarter of 2020.
Highlights for the first quarter, compared with the fourth quarter of 2020, were:
Stolt Tankers reported operating profit of $12.9 million, down from $31.9 million, as COA volumes eased off and spot rates weakened. During the quarter the five modern stainless-steel ships bought from CTG joined the Stolt Tankers Joint Service (STJS).
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