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)

To discuss issues facing the chemical industry go to ICIS connect


By: Nurluqman Suratman



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index