In Brief: World Fuel reports fuel sales up, income down

摘要

World Fuel Services Corp. said fourth-quarterrn2016 net income was $2.2 million, compared withrn$49.9 million in the year-ago quarter. The company attributed the decline to higher expenses such asrncompensation and employee benefits, provision forrnbad debt and general and administrative expenses.rnExcluding the impact of one-time items, adjustedrnfourth-quarter net income was $14.3 million, versusrn$50.8 million adjusted net income in the prior year,rnthe company told analysts.