14 February 2013 07:46 [Source: ICIS news]
SINGAPORE (ICIS)--Air Liquide Group’s full year 2012 net profit rose by 4.9% year on year to €1.6bn ($2.16bn), as sales from its gas & services segment in developing countries increased, the French industrial gases firm said on Thursday.
The company’s revenue rose by 6% year on year to €15.3bn, buoyed by an 11% increase in sales growth from its gas & services unit in developing countries, the company said in a statement.
The company has expanded its reach with new projects in developing countries such as Russia, China, Poland and Brazil.
“In 2012, the total amount of investment decisions rose to €2.9bn… and the scheduled commissioning of 50 plants in the next two years confirm customer confidence in the medium-term,” said Benoit Potier, chairman and CEO of the Air Liquide Group.
Highlights of the year included sustained growth in large industries, notably from the increase in hydrogen demand for refining and chemicals in Asia and the US, the company said.
“Barring a degradation of the environment, Air Liquide is confident in its ability to deliver another year of net profit growth in 2013,” Potier added.
($1 = €0.74)
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