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

JS Alliance Successfully Completes Indian Liquid Cargo Berth

JS Alliance Successfully Completes Indian Liquid Cargo Berth

Heritage Capital Group Appoints Jamie McCurry as Industry Specialist

Heritage Capital Group Appoints Jamie McCurry as Industry Specialist

CMA CGM, Asyad Plan $400m Terminal at Sohar Port

CMA CGM, Asyad Plan $400m Terminal at Sohar Port

AD Ports Group, Emirates Global Aluminium Invest $22m in Khalifa Port Infrastructure Development

AD Ports Group, Emirates Global Aluminium Invest $22m in Khalifa Port Infrastructure Development

Subscribe for Maritime Logistics Professional E‑News

Sources say that a power outage forced Venezuela's biggest refinery to close.
Bousso: The exodus of oil from the Hormuz region sets up a chaotic rebalancing.
Investors on edge as tensions between the US and Iran keep major Gulf markets calm