Total says first quarter net profit up 9 percent

30th April 2010, Comments 0 comments

French oil giant Total said Friday its first quarter net profit rose nine percent from a year earlier to 2.3 billion euros (3.06 billion dollars), benefiting from higher energy prices.

Sales in the three months to March jumped 25 percent to 37.6 billion euros as oil prices soared 76 percent compared with the same period in 2009.

Total, France's biggest company, said its oil and gas output in the period rose 4.5 percent, "one of the best performances" among the major oil groups.

© 2010 AFP

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