Air Liquide’s H1 net profit rises 13.3% to €676m

02 August 2010 09:16  [Source: ICIS news]

SINGAPORE (ICIS)--Air Liquide posted a first-half 2010 net profit of €676m ($879m), a 13.3% increase year on year, as sales surged on increasing customer demand, the French industrial gases company said on Monday.

Revenue from the gas and services segment rose 13.4% year on year to €5.7bn on a reported basis, while on a group basis sales grew 9.7% to €6.5bn, the company said in a statement.

“All businesses and geographies continued to improve in Q2, with a continuing contrast between emerging economies and mature economies,” the statement said.

The company did not disclose details of its financial performance for the second quarter only.

“Growth projects are picking up at a moderate pace in mature economies, but at a sustained pace in emerging economies. The group’s portfolio of investment opportunities is now back to its pre-crisis level,” said chairman and CEO Benoit Potier.

Looking ahead, Potier said the group expected continuous growth in net profit in 2010.

($1 = €0.77)

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By: Nurluqman Suratman

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