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Vopak reports a decline in earnings

11:10 AM MST | February 28, 2014 | Ian Young

Vopak posted a 5% decline in Ebitda excluding exceptional items for the fourth quarter of 2013, compared with the corresponding period of 2012, to €183 million. Operating profit excluding exceptional items dropped 10% year-on-year in the fourth quarter, to €124 million. Quarterly revenues were not disclosed but Vopak says that the average occupancy rate at its tank storage terminals was 87% in the fourth quarter, down three percentage points from the year-earlier period. Vopak's full-year 2013 Ebitda excluding exceptionals decreased 2%, to €753...

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