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>
($1 = €0.75)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections