Italian industrial gas company The SOL Group has revealed improved figures across the board in its first-half 2016 results, thanks to an upturn in fortunes for the economy and an increase in non-domestic sales.
In the first half of the year, the company saw a growth of 4.5% in sales compared to the same period in 2015, largely thanks to international sales soaring by 7.3%. Sales within Italy also contributed to this increase, growing by 1.6%.
As a result, SOL’s consolidated net profit saw a double-digit surge, rising by 17.7% from €16.5m ($18.4m) to €19.4m ($21.6m) compared to the previous fiscal period.
The corporation’s Technical Gases Division registered an increase in sales of 1.8% in respect to the first semester of 2015, as well as its Home Care Division, operated through VIVISOL, marking a growth of 7.2%.
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