24 August 2012 06:43 [Source: ICIS news]
SINGAPORE (ICIS)--Vopak’s first-half 2012 net profit declined 29% year on year to €169.5m despite a 16% increase in sales, the Dutch logistics firm said on Friday.
The company’s net profit in the same period in 2011 included a one-off divestment gain, Vopak said in a statement.
Sales for the first six months of 2012 increased to €648.1m from €561.1m in the previous corresponding period, while operating profit fell 17% to €279.9m, it said.
Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at €377.7m in January-June 2012, it said.
Vopak said its EBITDA to hit €725-800m this year in 2012 – a year ahead of its plan – from €636m in 2011.
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