Royal Vopak NV (GB:0O8V) has released an update.
Royal Vopak NV reports a robust first half of 2024, with net profits of EUR 213 million and an EPS of EUR 1.73, driven by growth projects and solid demand for storage across various markets. The company is expanding its capacity in industrial and gas terminals, notably with a new LPG export terminal in Canada and additional projects in Saudi Arabia and China, while also advancing into sustainable energy infrastructure. Vopak’s financial strength is showcased by an increase in cash flows from operations and a share buyback program that is 75% complete.
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