UGI, AmeriGas see profits jump in Q1

01/31/2013 | Wall Street Journal, The

Propane distributor AmeriGas Partners has reported a significant increase in profit during its first fiscal quarter, rising from $42.5 million last year to $96.7 million this year. Meanwhile, international gas distributor UGI has reported an 18% increase in income during the same quarter, climbing to $102.6 million from $87 million in the year-earlier period. Revenue in the company's international propane segment increased by 28%, UGI reported.

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Wall Street Journal, The