FMC
posted
a
net
profit
of
$98.8
million
for
the
first
three
months
of
the
year,
up
from
$85.2
million
during
the
first
quarter
of
2011.
The
jump
in
profits
came
as
revenues
surged
29%
to
almost
$1.4
billion
during
the
first
quarter
of
the
year,
compared
to
nearly
$1.1
billion
during
the
same
period
last
year.
The
majority
of
revenue
came
from
the
company’s
subsea
technologies
business
which
posted
a
30%
rise
in
revenue
year-on-year,
from
$689.5
million
to
$894.9
million.
FMC’s
other
two
business
segments
also
posted
positive
growth
with
the
surface…