Afrox, a subsidiary of The Linde Group has recorded an 11% increase in annual revenue for the period ended 31 st December 2011. Revenue also exceeded the R5bn mark.
Yesterday, tier one industrial gas player, Air Liquide publicised its consolidated financial report for 2011. Highlights included sizeable sales in developing economies but slower growth in electronics and steel-making.
Airgas, Inc., has publicised “record earnings” in the fiscal second quarter of 2012. Consequently the firm has raised its full-year guidance.
Continuing this week’s fiscal announcements, the global industrial gas firm, The Linde Group has publicised positive fiscal results and reiterated the strength of the industrial gas sector.
Praxair, Inc. has reported third-quarter net income and diluted earnings per share of $429 million and $1.40, 14% and 16% above the prior-year quarter, respectively.
According to fourth quarter fiscal results, Air Products has seen a 12% increase in EPS. Chairman, President and CEO for the firm, John McGlade, attributed the incline to growth in emerging markets and performance across the tonnage gas business.
Petronet LNG has achieved it highest quarterly profit according to the firm’s latest fiscal report. The firm has attributed an increase in volumes, better margins and higher operational efficiency as reasons for the hike.
The Board of Directors at Air Products has declared a quarterly dividend of 58 cents per share of common stock.