The SOL Group has announced consolidated sale of €84.7 million, up 7.7% on the same quarter the in previous year.
Gross operating profit came in at €19.7 million, which is one million Euros less than the first quarter 2004. Net operating profit for Q1 2005 has been recorded as €9.9 million compared with €10.4 million for the previous year.
The negative difference in operating profit in 2005 is due to the capital gain realised in Q1 2004 of €1.1 million, on the sale of material fixed assets that were not being used. Net of this effect, the gross operating profit and the net operating profit registered a growth of 5.7% and 6.3% respectively.
In the technical gases business the Group achieved a positive growth of 4.5%, due to development of overseas activity.
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