International. When presenting the financial balance sheet for the last quarter of 2011, the company PPG reported a growth of 4% compared to the figures obtained in the immediately previous year reaching net sales of US $ 3,500 million.
The company's net income reached $216 million for a value of $1.39 per share in that period. By comparison, 2010 net sales were $3.4 billion and net income was $205 million for a value per share of $1.24.
In total, PPG's 2011 annual sales reached $14.9 billion for an 11% increase over sales of $13.4 billion in 2010. In addition, the company reported net income for 2011 was $1.1 billion, for a value of $6.87 per share.
The above figures were possible thanks to a strengthening in the global demand for coatings experienced at the end of the year in markets such as aeronautics, automotive, and industrial, explained company spokesmen.
