Vopak Reports Mixed Quarterly Results

July 27, 2022

(File photo: Vopak)
(File photo: Vopak)

Vopak's quarterly revenues and core profit beat expectations on Wednesday but its net income fell short, as the Dutch tank storage company recorded asset impairment charges.

The group reported a net profit of 53.5 million euros ($54.30 million) in the second quarter, below analysts' average estimate of 75.3 million.


($1 = 0.9852 euros)

(Reuters - Reporting by Juliette Portala and Dina Kartit; Editing by Muralikumar Anantharaman)

Logistics News

OpenTug, Blessey Marine Services to Implement BargeOS Invoice Solution

OpenTug, Blessey Marine Services to Implement BargeOS Invoice Solution

Defunct Inland Waterways Users Board May be Dubious

Defunct Inland Waterways Users Board May be Dubious

Bangladesh Seeks US LNG Amidst Global Supply Disruptions

Bangladesh Seeks US LNG Amidst Global Supply Disruptions

Seacap, Shorly Enter Partnership for Port Transitions

Seacap, Shorly Enter Partnership for Port Transitions

Subscribe for Maritime Logistics Professional E‑News

Ship recycling company GMS purchases two tankers that are subject to US sanctions
Russia claims that the Ukrainian attacks are driving up food prices globally, leading to grain shortages
Hegseth welcomes Colombia into the anti-drug alliance following its election