Reuters: Global Markets: Air Products' profit up on lower costs

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Air Products' profit up on lower costs Jul 24th 2012, 10:14 Tue Jul 24, 2012 6:14am EDT (Reuters) - Industrial gas supplier Air Products and Chemicals Inc (APD.N) said quarterly profit rose 48 percent as lower costs offset weakness in Europe and Asia. Profit rose to $484.5 million, or $2.26 per share, in the third quarter from $326.5 million, or $1.50 per share, a year earlier. Revenue fell 5 percent to $2.34 billion.

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