Stolt-Nielsen (SOIEF) has released an update.
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Stolt-Nielsen Limited reported a significant increase in third-quarter net profits and revenue for 2024, rising to $99.2 million and $732.8 million respectively, compared to the previous year. The company’s nine-month performance also showed substantial growth, with a net profit of $303.3 million, an improvement attributed to their ‘Simply the Best’ strategy and strong tanker market conditions. CEO Udo Lange expressed satisfaction with the robust quarterly results and near-record EBITDA, fueled by firm spot rates and transit restrictions in the Red Sea.
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