Technip Posts Increase In 2011 Net Income

Technip SA

posted a rise in its net income in the full 2011. Technip's net income climbed to EUR507 million, versus EUR418 million in 2010. Its revenue surged to EUR6.81 billion from EUR6.08 billion. Technip projects 2012 revenue between EUR7.65 billion and EUR8 billion. It expects total capital expenditure for 2012 between EUR350 and EUR400 million. Technip shares closed at $25.52 yesterday.