Scorpio Tankers (STNG) Tops Q2 EPS by 1c

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Scorpio Tankers Inc. Announces Financial Results for the Second Quarter of 2016 and Declaration of a Quarterly Dividend

July 28, 2016 8:03 AM EDT

MONACO -- (Marketwired) -- 07/28/16 -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers," or the "Company") today reported its results for the three and six months ended June 30, 2016 and declaration of a quarterly dividend.

Results for the three months ended June 30, 2016 and 2015

For the three months ended June 30, 2016, the Company's adjusted net income (see Non-IFRS Measures section below) was $6.6 million, or $0.04 basic and diluted earnings per share, which excludes from net income (i) a $3.7 million write-off of deferred financing fees, (ii) a $0.4 million unrealized gain on derivative financial... More