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World Point Terminals LP reported 2016 revenue up 4%, adjusted EBITDA up 3%, and net income up 10% versus 2015. The company cited intense competition at its Galveston terminal and reduced volumes and shorter contracts at Baton Rouge and St. Louis.
The results describe terminal operator finances and competitive pressure on Gulf and river storage, with no clear effect on grain or feed prices.
last10k.comWorld Point Terminals, LpMar 14, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
