Stolt-Nielsen Limited Reports Unaudited Results For the Fourth Quarter and Full Year of 2012

Stolt-Nielsen Limited Reports Unaudited Results For the Fourth Quarter and Full 
Year of 2012 
LONDON -- (Marketwire) -- 01/31/13 --  Stolt-Nielsen Limited (Oslo
Bors: SNI) today reported
unaudited  results for the  fourth quarter
ended  November 30, 2012.  Net profit
attributable  to SNL
shareholders in the  fourth quarter was $18.2 million, with
revenue 
of  $510.9  million,  compared  with  $7.1  million and $516.4
million,
respectively, in the third quarter of 2012. 
Net profit attributable to SNL shareholders for the full year was
$70.2 million,
with  revenue of  $2,071.7 million,  compared with 
$108.2 million  and $2,029.4
million, respectively, in 2011. 
Highlights  for the fourth  quarter of 2012, compared  with the third
quarter of 2012, were: 


 
 
* Stolt Tankers reported an operating profit of $2.6 million, compared with
an operating loss of $0.8 million, reflecting a modest improvement in
operating results.
* The Stolt Tankers Joint Service Sailed-in Time-Charter Index[1] rose to
1.14 from 1.12.
* Stolthaven Terminals reported an operating profit of $22.9 million, up
from $12.2 million.  Excluding one-time gains and charges and the impact of
damage to the New Orleans terminal caused by Hurricane Isaac, Stolthaven's
operating results improved by approximately 7% in the fourth quarter driven
by increased capacity and throughputs.
* Stolt Tank Containers reported an operating profit of $17.5 million, down
from $20.1 million.  Excluding a $3.0 million reduction in depreciation in
the prior period, operating profit at STC was essentially unchanged for the
quarter.
* Stolt Sea Farm reported an operating loss of $2.0 million, before
reflecting a $6.5 million gain in connection with a recent acquisition,
compared with a loss of $1.4 million.
* Stolt-Nielsen Gas reported equity income of $0.1 million from its
investment in Avance Gas Holding Ltd., compared with equity income of $1.1
million in the third quarter, as conditions softened in the LPG
transportation market and routine drydockings were accelerated in the weak
market.

 
Commenting on the Company's results, Mr. Niels G. Stolt-Nielsen, Chief
Executive
Officer of Stolt-Nielsen Limited, said: 
"Excluding  one-time  gains  and  charges,  SNL's fourth-quarter
results were up slightly,  compared with  the third  quarter.  Stolt 
Tankers reported  a modest
operating  profit  for  the  quarter,  due
 to a combination of improved trading
performance  and lower
operating costs.  While  an improvement from the previous
quarter, 
it caps off a rather disappointing  year for our tanker business and
I do  not  believe  in  any  significant  recovery in 2013.  Results
at Stolthaven
Terminals,  excluding one-time factors in the third and
fourth quarters, were up due  to  increases  in  both  capacity  and 
throughput.  Stolt Tank Containers'
fourth-quarter  results  were 
flat,  excluding  the  $3.0  million reduction in depreciation  in
the third-quarter.   Stolt Sea Farm  would have reported a loss
for
the quarter, excluding the $6.5 million one-time gain in connection
with its Acuidoro acquisition." 
"Over  the last four years  we have aggressively expanded  both our
terminal and tank  containers  businesses,  while  maintaining  our 
leading  position in the chemical   tanker   market.    With  the 
significant  capital  investments and
commitments  we have made  in
our businesses  during these challenging years, we will be in a
strong position to benefit from improved market conditions once the
global economy eventually improves." 
[1]  The Stolt Tankers Joint Service  Sailed-in Time-Charter Index is
an indexed
measurement  of the sailed-in rate for the  Joint Service
and was set at 1.00 in the first quarter of 1990 based on the average
sailed-in time-charter result for the  fleet at  the time.   The
sailed-in  rate is  a measure  frequently used by shipping 
companies,  which  subtracts  from  the  ships'  operating revenue
the variable  costs  associated  with  a  voyage,  primarily 
commissions, sublets,
external time charter expenses, transshipments,
port costs, and bunker fuel. 
This information is subject of the disclosure requirements pursuant
to section
5-12 of the Norwegian Securities Trading Act. 
SNL 4Q12 Earnings Press Release: 
http://hugin.info/154/R/1674367/545179.pdf 
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
that: 
(i) the releases contained herein are protected by copyright and    
other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and     
originality of the information contained therein. 
Source: Stolt-Nielsen Limited via Thomson Reuters ONE 
[HUG#1674367] 
Jan Chr. Engelhardtsen
Chief Financial Officer
UK +44 (0) 20 7611 8972
j.engelhardtsen@stolt.com 
Jens F. Gruner-Hegge
V.P. Corporate Finance
UK +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com
 
 
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