News » Economics

Suez Sales Rocket On Gas Sales

01.08.2002 | Source:



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=' target=_blank>Suez SA


Popular photos

Most popular

WSJ: ISIS poses no threat to US
WSJ: ISIS poses no threat to US
The Wall Street Journal wrote that ISIS posed no serious threat to the US and could be annihilated by the Western coalition in some days. Mark Helprin believes that Washington should be afraid of Iran...
NATO: Russia deploys most of its warships in Mediterranean Sea
NATO: Russia deploys most of its warships in Mediterranean Sea
According to NATO officials, Russia has sent all vessels of the Northern Fleet and a part of the Baltic Fleet to the Mediterranean Sea to strengthen the campaign in Syria
Рейтинг Rambler_s_Top100_Service