Google+
Рейтинг@Mail.ru
Pravda.ru

News » Economics

Suez Sales Rocket On Gas Sales

01.08.2002 | Source:

Pravda.Ru

 

Suez SA, the world's second- largest water company, has said that second-quarter sales rose by 8.1 percent as energy trading helped offset currency declines at the water unit. The shares rose as much as eight percent on the news.

Sales climbed to 10.89 billion euros ($10.69 billion) from 10.07 billion euros in the same period last year, said Suez spokeswoman Anne Liontas. First-half sales climbed by 8.9 percent to 22.45 billion euros.

Suez's electricity and natural-gas unit, with operations in more than a hundred countries, had the largest and fastest growing profit of the three main businesses of energy, water and waste last year. Energy trading surged by 50 percent in the first half.

``Gross sales are up and there's a boost from energy trading driving that,'' said Rebecca Reehal, an analyst at Lehman Brothers Holdings Inc. ``It's likely to be positive for sentiment.'' The share-price increase may be ``short lived,'' she said.

©

&to=http://www.suez.com/' target=_blank>Suez SA

&to=http://www.neftegaz.ru' target=_blank>NEFTEGAZ

 
| More
1168

Popular photos

Most popular

Russia, Ukraine and NATO: Sanctions and sour grapes
Russia, Ukraine and NATO: Sanctions and sour grapes
It is human nature for the losing side to act with spite and perpetuate feelings of hatred for their victor, hoping for another opportunity to challenge the stronger party in the duel lost, just like...
A different story of the Gaza crisis
A different story of the Gaza crisis
On June 12, 2014, the news agencies of the world reported that three youths, residents of the Israeli town of Gueto, were abducted and possibly killed. Eighteen days later, the government of Israel...

Video

Popular photos

Система Orphus