Investment in storage and airport facilities owned by CLH has grown in the first quarter of 2015.
The Spanish oil product transportation and storage company says that turnover for the first quarter amounted to €126.2 million – 1.6% up from the same quarter in 2014. Additionally, investments made during quarter one of 2015 amounted to €14.6 million – an increase of more than 32%.
Of that amount, €8.7 million was devoted to storage and airport facilities, mainly focused on operation and safety improvements and on the construction of new plants and the extension of storage capacity.
Investments were also made to improve transport infrastructures and extend the pipeline network as well as to the international investment project in Oman.
Strategic and security storage revenues have remained the same, and biofuel receipt and storage revenues increased by 0.3%.
The CLH Group profit after tax totals €39.3 million, 19.8% higher than the figure obtained in the previous year.