Less profit for Vopak

Netherland’s Vopak has recorded a 15% decrease in its profit as revenue remained almost unchanged in the first half of 2014.

It said that earnings for the period were EUR 138m ($183.5m), compared to EUR 162.5m in the same spell of last year.

Revenue for the first six months was in line with 2013 and amounted to EUR 647m.

Operating expenses rose to EUR 462m from EUR 450m while EBITDA went down 5% to EUR 366.5m.

TRENDING TODAY