Industrial gas supplier Praxair's profit rises 5 pct

July 23 Wed Jul 23, 2014 6:12am EDT

July 23 (Reuters) - Industrial gas supplier Praxair Inc reported a 5 percent rise in quarterly profit, buoyed by increased prices and higher sales to the energy, chemicals and manufacturing industries.

Net income rose to $467 million, $1.58 per share, in the second quarter ended June 30, from $445 million, or $1.49 per share, a year earlier.

Total sales rose 3 percent to $3.11 billion, driven mainly by higher sales from project start-ups in North America and Asia. (Reporting By Kanika Sikka and Sneha Banerjee in Bangalore; Editing by Savio D'Souza)

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