According to a recent Air Liquide press release first half profit rose 10 per cent as oil refiners used more of its hydrogen to improve fuel quality.
Air Liquide reported increased earnings after the companys board of directors met on 1 September 2006 and reviewed financial statements for the first half of 2006.
As of 30 June 2006 revenues amounted to nearly €5.5m, an increase of 8.8 per cent versus the first half of 2005. On a comparable basis (excluding currency, natural gas and deconsolidation of US liquid chemicals), growth was up 6 per cent and net profit group share was €480m, an increase of 10.2 per cent.
Merrill Lynch – stronger businesses than 2005
Analysts, Merrill Lynch, predicted a net income of €471m versus reported income of €480m and thought that the mixture of businesses was much stronger than in 2005.
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