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Scorpio Tankers Turns To Profit In Q1

Scorpio Tankers Inc. (STNG), Monaco based seaborne transporters of crude oil and refined petroleum products, on Monday reported first quarter net income of $6.6 million or $0.08 per share, compared to a net loss of $5.1 million or a loss of $0.14 per share in the comparable quarter last year.

Vessel revenue for the quarter was $44.92 million, compared to $29.12 million a year ago.

In April 2013, the company declared a quarterly cash dividend on its common stock of $0.025 per share, payable on June 25, 2013 to all shareholders of record at the close of business as of June 11, 2013.

by RTTNews Staff Writer

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