Chart Industries, Inc. has reported a positive set of results for the first quarter ended 31st March 2009, with a healthy rise in net income and investments increased too.
Net income for the first quarter totalled $19.5m, or $0.68 per diluted share, which compares favourably with Q1 2008 net income of $14.7m and represents a rise of around 33%.
Cash and short term investments increased to $177.2m, a development also cited by the company as a highlight of the first quarter.
Net sales for the first quarter of 2009 increased 6% to $180.2m, from $170.3m in the same period just a year ago, while gross profit for the first quarter of 2009 stood at $62.7m – versus $51.9m in the comparable quarter of 2008.
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