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Increased Storage Capacity Drives Operating Profits Growth at Vopak

6:12 AM MDT | April 25, 2012 | Sotirios Frantzanas

Vopak says operating profits (Ebit), excluding exceptional items, increased 26% in the first quarter of 2012, to €138 million ($182.3 million) compared with €109.5 million the same quarter of 2011. Vopak's operating profits include a currency translation gain of €3.5 million, and the net result of the company's joint ventures, which rose by 24%, to €26 million compared with €21 million in the corresponding quarter of the previous year. Editda, excluding exceptional items, also went up 26% year over year, to €186.2 million. A 12%...

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