Q2 2019 Stolt-Nielsen Ltd Earnings Call Transcript
Welcome to the Stolt-Nielsen Second Quarter 2019 Results Presentation. Today's presentation is recorded.
Please let me hand the presentation over to Mr. Niels Stolt-Nielsen, Chief Executive Officer. Please go ahead, sir.
Thank you. Good afternoon, good morning. Thank you for joining us for our second quarter 2019 earnings results. I'll be referring to a presentation, which is on our website. The agenda: I'll go through the second quarter highlights, then I'll go through each of the businesses, Jens will take you through the financials and then we will open up for question-and-answers at the end.
If we move to Page 4. The operating profit in Stolt Tankers of $12.8 million, that's down from $14.3 million, but that was mainly due to an estimated $5 million impact on the fire that we saw in Houston, at ITC Houston Terminal. So if you actually take away that $5 million, the underlying, there was a slight improvement in the earnings of Stolt Tankers.
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