Bulk liquid storage company Westway says during 2011 it made an increased consolidated EBITDA of $48 million (€37 million), up $3.3 million, or 7% on the previous year.
However, the company reported a consolidated net income of $5.1 million, which was down on the $5.7 million made in 2010.
Consolidated income before tax equalled $13.2 million, compared to $9.8 million made last year.
The company had to pay tax expensive of $7.5 million, a large increase on the $3.7 million it paid in 2010.
Westway says that its Amsterdam terminal in the Netherlands was developed throughout 2011 and put into service in January 2012, bringing four more tanks onto the storage market. these can hold a capacity of 1.9 million gallons.