Knot Offshore posts 4Q profit

ABERDEEN, Britain (AP) _ Knot Offshore Partners LP (KNOP) on Wednesday reported fourth-quarter net income of $19.5 million.

On a per-share basis, the Aberdeen, Britain-based company said it had profit of 72 cents. Earnings, adjusted for investment gains, came to 63 cents per share.

The tanker company that serves the energy industry posted revenue of $45 million in the period.

For the year, the company reported profit of $61.1 million, or $2.55 per share. Revenue was reported as $173.7 million.

Knot Offshore shares have dropped roughly 8 percent since the beginning of the year. The stock has increased 70 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KNOP at https://www.zacks.com/ap/KNOP

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