Stolt-Nielsen Reports 2Q Results
Stolt-Nielsen S.A. has reported unaudited results for the second quarter and first half ended May 31, 2009. Highlights for the second quarter of 2009 compared with the first quarter of 2009 included a $13.3 million increase in net profit attributable to shareholders and a $2.3 million increase in operating profit. Operating costs were reduced and revenue stayed consistent. "To counter the negative effects of the economic crisis, we have continued to implement measures to conserve cash, enhance our credit and collections processes, lock in interest rates and reduce costs,” said Niels G. Stolt-Nielsen, Chief Executive Officer of SNSA.