Saint-Gobain Says Capital Gains, Weak Euro Boost 2015 Profit
February 25 2016 - 1:14PM
Dow Jones News
By Matthew Dalton
PARIS--Construction materials firm Compagnie de Saint Gobain SA
Thursday said net income last year rose 36% to 1.3 billion euros
($1.43 billion), fueled by a capital gain on the sale of its glass
bottle business and the weaker euro.
Sales last year rose 3.3% to EUR39.6 billion, the French company
said. The weakness of the euro relative to the U.S. dollar and
sterling boosted sales 3%, it said.
Private equity firm Apollo Global Management paid EUR2.95
billion for Verallia, Saint-Gobain's glass bottle business, adding
EUR811 million to the company's profits last year.
Write to Matthew Dalton at matthew.dalton@wsj.com
(END) Dow Jones Newswires
February 25, 2016 12:59 ET (17:59 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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