(Source: Datamonitor)
World Fuel Services, engaged in the marketing and sale of marine, aviation and land fuel products, has reported a net income of $25.8 million, or $0.87 per diluted share, for the first quarter of 2009, compared to $15.8 million, or $0.54 per diluted share, for the same quarter of 2008.
The company has reported revenue of $2.01 billion for the first quarter of 2009, compared to $4.49 billion for the same quarter of 2008.
World Fuel Services has reported gross profit of $87.33 million for the first quarter of 2009, compared to $73.81 million for the same period of 2008.
Paul Stebbins, chairman and CEO of World Fuel Services, said: "Although the global economy remained uncertain, we delivered strong first quarter results, effectively managed risk and continued to execute upon our long-term growth strategy. Our balance sheet and liquidity position remain very strong as we continue to be the counterparty of choice in the markets we serve."
A service of YellowBrix, Inc.
