UPDATE 1-Vopak Q4 core profit misses expectations due to Malaysia terminal
(Recasts with CFO comments, details) Feb 17 (Reuters) - Dutch oil and chemical storage company Vopak’s fourth-quarter core profit missed market expectations, due to a one-off accounting issue at its associate industrial terminal PT2SB in Malaysia. Excluding this 20 million euro ($24.11 million) hit the company’s core profit would have met market expectations, analysts said. Chief Financial Officer Gerard Paulides said the PT2SB asset had been unstable financially in the last six quarters or so and noted the significant impact of COVID among other factors. “The asset’s results should h...
Source: reuters.com