17 February 2012 07:26 [Source: ICIS news]
SINGAPORE (ICIS)--French industrial gases firm Air Liquide reported on Friday a 9.4% increase in its net profit for the full fiscal year of 2011 to €1.5bn ($2.0bn) compared with the same period a year earlier.
The company’s gas and services business saw a 8% increase in its sales to €12.8bn, while the group’s total sales grew by 7.2% to €14.5bn as compared with the same period the previous year, Air Liquide said in a statement.
“In 2011, Air Liquide pursued its investments and growth in developing economies, which now represent 21% of [its] gas and services revenue,” the statement said.
Gas and services sales rose by 6.2% in ?xml:namespace>
The company posted a 4.0% increase in the
In addition, sales in the Middle East and
“In 2011, Air Liquide continued its growth and the implementation of its business model, notably in developing economies where sales have increased more than 20% over the previous year,” said Benoit Potier, chairman and CEO of the Air Liquide Group.
Barring a major economic downturn, Air Liquide continues to aim for growth in net profit in year 2012, Potier added.
($1 = €0.76)
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