Scorpio Tankers Posts Q4 Profit - Quick Facts

(RTTNews) - Scorpio Tankers, Inc. (STNG) reported fourth-quarter net income of $5.77 million or $0.03 per share, compared to a net loss of $4.88 million or $0.11 per share in the prior-year quarter.

Results for the latest quarter include a $0.23 per share gain related to investment in Dorian LPG Ltd., and a write-down of $0.12 per share resulting from the designation of certain older vessels as 'held for sale.' Excluding items, adjusted net loss for the quarter was $14.50 million or $0.08 per share.

Vessel revenues for the quarter surged to $53.37 million from $30.10 million in the same quarter last year.