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

Hazardous Cargo Compensation Regime Close to Entry into Force

Hazardous Cargo Compensation Regime Close to Entry into Force

Iran Could Offer Oman Exit Proposal

Iran Could Offer Oman Exit Proposal

Canon USA Launches MS-510 Multi-Purpose Camera for Low-Light Imaging

Canon USA Launches MS-510 Multi-Purpose Camera for Low-Light Imaging

ZIM CEO Eli Glickman Announces Departure

ZIM CEO Eli Glickman Announces Departure

Subscribe for Maritime Logistics Professional E‑News

J.B. Hunt reports higher quarterly profit due to cost reductions and improved volumes that offset fuel costs
Kalshi expands its prediction hub to include more commodities amid high volatility
Maguire: How China is filling the energy gaps left by the US-Iran conflict.