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Vopak Reports Higher Profits

1:18 PM MDT | September 8, 2008 | Chemical Week Editorial Staff

Vopak posted a 17% increase in first-half net profits including exceptional items, to €107 million ($157 million), on sales up 7%, to €454 million. Ebitda increased 11%, to €219 million, and operating profits including exceptional items grew 12%, to €166 million. Second-quarter figures were not disclosed. “Despite slower economic growth, Vopak’s international markets are performing well since the use of energy and liquid chemicals is continuing to rise and they are transported across longer distances,” Vopak says. “This...

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