Scorpio Tankers has reported a strong first quarter performance that measured up well with Wall Street forecasts.
New York-listed Scorpio booked an adjusted gain of $30.5m in the opening three months of 2016, compared with $39.3m a year ago.
Diluted earnings per share of $0.18 came in exactly as analysts had predicted.
Omar Nokta of Clarksons Platou Securities says the results were solid despite the weak winder market.
