19 January 2009 09:06 [Source: ICIS news]
LONDON (ICIS news)--Vopak expects a 17% increase in its full year operating profits for 2008 driven by increased storage capacity and higher occupancy rates, the Dutch liquids terminal operator said on Monday.
The group’s EBITDA (earnings before interest, tax, depreciation and amortisation) excluding exceptional items was forecast to hit €318m ($424m), up from €272.9m in 2007.
“The company has increased the global storage capacity with 23% to around 27 million cubic metres, whereby a continued high occupancy rate has been realized,” Vopak said in a statement.
Vopak’s final results will be released to the ?xml:namespace>
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