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

Putin: Instead of exceptionalism, USA sows chaos in the world
Putin: Instead of exceptionalism, USA sows chaos in the world
Russian President Vladimir Putin appeared on international discussion forum Valdai on October 24 in Sochi. During his speech, Putin cracked down on the US-led politics in the Middle East and the rest...
The Dirty Politics of the Nobel Peace Prize
The Dirty Politics of the Nobel Peace Prize
The award of the 2014 Nobel Peace Prize to Pakistan's Malala Yousafzai and India's Kailash Satyarthi raises anew the persistent question concerning the dirty politics of the Norwegian Nobel Committee...

Video

Popular photos

Система Orphus