Praxair ‘cautiously optimistic’ for 2010


US based Praxair’s fourth quarter and full year 2009 results show a slow but definite recovery.

Praxair has reported fourth-quarter net income and diluted earnings per share of $340m and $1.09, respectively.

Net income and earnings per share increased 70% from the previous year quarter, largely due to a cost reduction programme charge in the previous year quarter. Excluding this previous year charge, net income and diluted earnings per share increased 8%.

Sales in the fourth quarter were $2,407m, compared to $2,403m in the previous year.

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