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Foshan Flair Chemical & Science Co.,Ltd.
Add: Foshan.Guangdong.China.
Marketing Center
Tel: +86 757 87756546 87756549
Fax: +86 757 87718058
Principle Executive Office
Tel: +86 757 87231783
Web: www.dolinkpaint.com
E-mail: dolink@dolinkpaint.com
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| PPG''s First Quarter Sales increase 41 percent |
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Author£ºCoatingOnline
Input time£º2008-5-23 |
PPG''s First Quarter Sales increase 41 percent
PPG Industries has reported sales for the first quarter of USD 3.7 billion, surpassing the prior year''s first quarter results by 41 %. First quarter net income was USD 100 million, or 61 cents per share, comprising net income from continuing operations of USD 87 million, or 53 cents per share, and income from discontinued operations, net of tax, of USD 13 million, or 8 cents per share. Reported net income from continuing operations includes non-recurring acquisition-related costs of USD 89 million after tax, or 54 cents per share, stemming from the company''s 2 January 2008 acquisition of the SigmaKalon Group. Adjusted net income from continuing operations was USD 176 million or USD 1.07 per share, as detailed below. The company''s tax rate on income from continuing operations for the quarter was 30% |
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