Subscribe free to our newsletters via your
. 24/7 Space News .

Suez reports operating profit fall on delay to Melbourne water plant
by Staff Writers
Paris (AFP) Oct 25, 2012

French utilities group Suez Environnement reported on Thursday a 4.1-percent fall in operating profit for the first nine months of the year to 1.77 billion euros ($2.3 billion).

This was in line with analysts' expectations as polled by Dow Jones Newswires and better than a first-half fall of 7.0 percent.

Sales in the first nine months rose by 1.3 percent which was slightly more than expected, owing to a favourable exchange rate and a good performance by its water activities in Europe.

In the first nine months sales amounted to 11.12 billion euros from 11.0 billion euros expected by analysts.

The group, which is an international player in the market for providing water and waste-disposal services, stood by its targets for the year.

"The performance in the third quarter is an improvement on the outcome in the first half," chief executive Jean-Louis Chaussade said in a statement.

Sales growth excluding changes in exchange rates was 0.2 percent.

Growth of the market in Europe for water services compensated for a setback by international activities which were depressed by 96 million euros due to a delay in the launch of a factory to desalinate sea water in Melbourne, Australia.

The main part of the rise of sales was accounted for by a favourable effect of the fall of the euro against several currencies, which was equivalent to 2.1 percentage points of growth of sales.


Related Links
Water News - Science, Technology and Politics

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

A Mississippi River diversion helped build Louisiana wetlands
Philadelphia PA (SPX) Oct 23, 2012
The extensive system of levees along the Mississippi River has done much to prevent devastating floods in riverside communities. But the levees have also contributed to the loss of Louisiana's wetlands. By holding in floodwaters, they prevent sediment from flowing into the watershed and rebuilding marshes, which are compacting under their own weight and losing ground to sea-level rise. Rep ... read more

Astrium presents results of its study into automatic landing near the Moon's south pole

European mission to search for moon water

Model reconciles Lunar Earth composition with giant impact theory

Massive planetary collision may have zapped key elements from moon

Valles Marineris - the largest canyon in the Solar System

Curiosity Rover Collects Fourth Scoop of Martian Soil

How Space Station Can Help Humans Follow Curiosity to Mars and Beyond

Mars Soil Sample Delivered for Analysis Inside Rover

Space daredevil Baumgartner is 'officially retired'

NASA must reinvest in nanotechnology research, according to new Rice University paper

Austrian space diver no stranger to danger

Baumgartner feat boosts hopes for imperilled astronauts

China to launch 11 meteorological satellites by 2020

China makes progress in spaceflight research

Patience for Tiangong

China launches civilian technology satellites

New crew docks with ISS: Russia

ISS Crew Gets Ready for New Expedition 33 Trio

New ISS Crew Confirmed

Russia launches three astronauts to ISS

S. Korea readies third bid to join global space club

Brazil eyes closer space cooperation with Ukraine

S. Korea plans third rocket launch bid Friday

AFSPC commander convenes AIB

New small satellite will study super-Earths for ESA

Most Planetary Systems are 'Flatter than Pancakes'

Glitch could end NASA planet search

Ultra-Compact Planetary System Is A Touchstone For Understanding New Planet Population

Zynga bets on mobile and gambling games

Microsoft goes mobile with Windows 8, new tablet

Lockheed Martin Foliage-Penetrating Reconnaissance Radar Integrated with System to Detect Slow Moving Objects

Orbital Awarded Contract by USAF For EAGLE Spacecraft Platform

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement