SOL S.p.A has recorded increases across the board in its 2016 full-year financial results, with its consolidated net profit soaring by 36% to €44.1m ($47.9m).
Despite an unstable climate of moderate economic recovery, market volatility and uncertainty about raw material prices, the Italian industrial gas producer achieved an increase in sales volume of 4.3% compared to the prior year, totalling €703.4m ($763.3m).
Although SOL recorded increases across the board, its international sales outpaced domestic sales, climbing by 6.5% and 2% respectively. SOL’s international sales accounted for around 52.9% of total sales.
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