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Linde reports increase in profits and revenues, lowers full-year forecast

11:28 AM MDT | October 29, 2013 | Natasha Alperowicz

Linde today reported a 3% increase in adjusted third-quarter net profit, to €356 million ($490.4 million), on 5% higher revenues,  €4.26 billion. Operating profit was 8.5% higher, at €1.03 billion, and operating margin advanced from 23.5% in the third quarter of last year to 24.2% in the corresponding period this year.   The company reports an 11.8% increase in operating profit for the first nine months, to €3.00 billion, on 9% higher sales, €12.5 billion. Linde has lowered its full-year operating profit target, however, because...

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