STOLT-NIELSEN LTD has reported revenues of $1.88bn for its 2016 financial year, which ended on 30 November. This is a 5.2 per cent fall on the previous year's $1.98bn. Operating profit also fell, from $246.2m in 2015 to $231.8m. Net profit dropped by 15 per cent to $113.1m. However, the profit figures for the fourth quarter were well up on the previous year's numbers, suggesting that the overall market in which Stolt-Nielsen operates has turned a corner. Its spread of assets and operations in the chemical supply chain - covering deepsea, shortsea and inland tanker shipping, bulk liquids tank storage and global tank container operations - gives it some protection against short-term vagaries in any individual sector and this is bolstered by its fish farming business.
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