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Vopak Reports Increased Sales and Net Profits in 2011

6:20 AM MST | February 29, 2012 | Sotirios Frantzanas

Vopak says its sales and net profits, excluding exceptional items, in full-year 2011 increased 6% and 4% year over year, to €1.17 billion ($1.57 billion) and €275.4 million, respectively. Ebitda and Ebit, excluding exceptional items, also increased 6% and 5% in full-year 2011 compared with 2010, to €636 million and €469.4 million, respectively, Vopak says. Financial results for the fourth quarter of 2011 were not announced. Vopak sold its 20% equity stake in Borco (Bahamas) for about €111.5 million, which was the main reason for an...

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