Recently, quarterly financial reports have been released one after another. As the global economy recovers and demand picks up, the profits of industrial gas giants continue to improve.
In the third quarter, American Air Products' net profit increased 20% year-on-year to US$294 million; sales revenue increased 10% year-on-year to US$2.4 billion; earnings per share were US$1.35, exceeding analysts’ previous estimates for each share. 1.32 US dollars of performance. Air Products Company attributed the good performance in the third quarter to an increase in sales volume. John McGlade, president of Air Products, said: "The global economy is expected to continue to recover in 2011 and our focus will be on utilizing existing assets, winning new business, and continuing to reduce costs."
US industrial gas supplier Airgas achieved a net profit increase of 22% year-on-year to US$66.6 million in the second quarter of the fiscal year ended September 30; sales revenue increased 9% year-on-year to US$1.06 billion; earnings per share of 83 US dollars This exceeds the analyst’s previous forecast of 82 cents/share. Airgas has raised its full-year results from the previous $3.15 to $3.30 per share to $3.22 to $3.32 per share. Airgas President Peter McCausland said: “Our business continued to improve in the second quarter and the company’s business in most regions and consumer areas has been enhanced and we expect it will continue to improve in the future.â€
The global industrial gas giant Air France Air Liquide achieved a 15% year-on-year growth in sales revenue to 3.4 billion euros, but earnings figures were not disclosed. The sales revenue of the company's gas and service sectors increased by 11% year-on-year to 3 billion euros. The monthly financial data reached the highest level this year in September, mainly due to the strong growth of the developing economies and the recovery of the developed economies.
In the third quarter, American Air Products' net profit increased 20% year-on-year to US$294 million; sales revenue increased 10% year-on-year to US$2.4 billion; earnings per share were US$1.35, exceeding analysts’ previous estimates for each share. 1.32 US dollars of performance. Air Products Company attributed the good performance in the third quarter to an increase in sales volume. John McGlade, president of Air Products, said: "The global economy is expected to continue to recover in 2011 and our focus will be on utilizing existing assets, winning new business, and continuing to reduce costs."
US industrial gas supplier Airgas achieved a net profit increase of 22% year-on-year to US$66.6 million in the second quarter of the fiscal year ended September 30; sales revenue increased 9% year-on-year to US$1.06 billion; earnings per share of 83 US dollars This exceeds the analyst’s previous forecast of 82 cents/share. Airgas has raised its full-year results from the previous $3.15 to $3.30 per share to $3.22 to $3.32 per share. Airgas President Peter McCausland said: “Our business continued to improve in the second quarter and the company’s business in most regions and consumer areas has been enhanced and we expect it will continue to improve in the future.â€
The global industrial gas giant Air France Air Liquide achieved a 15% year-on-year growth in sales revenue to 3.4 billion euros, but earnings figures were not disclosed. The sales revenue of the company's gas and service sectors increased by 11% year-on-year to 3 billion euros. The monthly financial data reached the highest level this year in September, mainly due to the strong growth of the developing economies and the recovery of the developed economies.
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