Gaz de France posts profit rise

29th September 2004, Comments 0 comments

PARIS, Sept 29 (AFP) - French state-owned gas company Gaz de France posted Wednesday a 2.3 percent rise in its first-half net profit from the same period in 2003 on solid sales and operating profit growth.

PARIS, Sept 29 (AFP) - French state-owned gas company Gaz de France posted Wednesday a 2.3 percent rise in its first-half net profit from the same period in 2003 on solid sales and operating profit growth.  

The company reported net profit for the first six months of the year of EUR 835 million (USD 1.030 billion) compared with EUR 816 million in the same period in 2003.  

Sales grew 7.4 percent over the period to EUR 9.503 billion while operating profit grew 6.4 percent to EUR 1.445 billion.  

Chairman Jean-Francois Cirelli said in a statement he expected the group's net profit to be greater this year than the EUR 910 million booked last year.

 

© AFP

 

Subject: French News

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