Koninklijke Vopak NV (WBO:VPK)
€ 42.04 0.32 (0.77%) Market Cap: 4.97 Bil Enterprise Value: 7.47 Bil PE Ratio: 11.88 PB Ratio: 1.64 GF Score: 65/100
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Half Year 2019 Koninklijke Vopak NV Overview by CEO and CFO (Pre-Recorded) Transcript

Jul 31, 2019 / NTS GMT
Release Date Price: €44.55 (+3.08%)
Eelco M. Hoekstra
Koninklijke Vopak N.V. - Chairman of the Executive Board & CEO

Hello. My name is Eelco Hoekstra, Chief Executive Officer at Royal Vopak. Today, we announced our half year 2019 financial results, and I'd like to give you a brief summary.

We delivered solid financial results and significantly increased our earnings per share. The first half of 2019 was important as we have taken further steps in the delivery of our strategy and the alignment of our portfolio based on long-term market developments.

We've taken significant new capacity into operations to meet new customer demand. And together with our partners, we fully commissioned the industrial terminal PT2SB in Malaysia and celebrated the opening of the LPG export terminal RIPET in Canada. In addition, we expanded our share in the LNG import terminal in Pakistan.

So at present, we have delivered 2.1 million cubic meters of our 3.2 million cubic meter expansion program towards the end of 2019. Fuel capacity conversions for the IMO 2020 bunker fuel regulations are progressing well and will support new market

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