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Vopak reports increase in operating profits

9:03 AM MST | November 15, 2012 | Sotirios Frantzanas

Vopak says its Ebitda and Ebit each increased 19% in the third quarter of 2012, to €195.1 million ($248.9 million) and €144 million, respectively. Higher earnings were driven by "the healthy demand" for tank storage services, and by storage capacity expansions. Vopak's total storage capacity has increased 10% in 2012, to 29.9 million cu meters from 27.2 million cu meters in 2011. Demand for oil storage services remains robust, and demand for chemical storage services is relatively steady, the company says. Sales and net profits were not...

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