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Vopak posts higher profits, sales; hits Ebitda target early

10:06 AM MST | March 1, 2013 | Ian Young

Vopak's fourth-quarter 2012 operating profit excluding exceptional items increased 5% compared with the corresponding period of 2011, to €137 million ($178 million), on sales up 4%, to €332 million, according to unaudited figures published by the company today. Fourth-quarter Ebitda excluding exceptional items rose 8% year on year, to €191 million. Average occupancy rates at Vopak's tank storage terminals worldwide were 90% in the fourth quarter, down from 94% a year earlier. Vopak did not comment on its fourth-quarter figures but the company says...

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