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

Former MARAD Deputy Administrator Sang Yi Appointed AAPA President, CEO

Former MARAD Deputy Administrator Sang Yi Appointed AAPA President, CEO

Fratelli Cosulich Launches Newest Methanol Vessel

Fratelli Cosulich Launches Newest Methanol Vessel

Australian Seafarer Welfare Centers Hampered by Chronic Under-Funding

Australian Seafarer Welfare Centers Hampered by Chronic Under-Funding

Trump: US Will Help Free Ships Stranded in Strait of Hormuz

Trump: US Will Help Free Ships Stranded in Strait of Hormuz

Subscribe for Maritime Logistics Professional E‑News

Wall St to open mixed as US-Iran tensions unnerve investors
JetBlue and Frontier share prices rise as Spirit shares fall to make room for growth
Airline cancellations in response to Middle East conflict