Orange 1st Half Net Profit Up on Finance Costs, Operating Income
July 26 2018 - 2:22AM
Dow Jones News
By Alberto Delclaux
Orange (ORA.FR) said Thursday that its first-half net profit
rose 31%, reflecting improved finance costs and operating
income.
Net profit was 789 million euros ($923 million) compared with
EUR601 million a year earlier, the French telecom said.
Orange said sales rose 0.7% to EUR10.18 billion in the second
quarter, while adjusted earnings before interest, taxes,
amortization and depreciation increased 2.3% to EUR3.38
billion.
With EUR486 million in savings in the first half of the year,
Orange surpassed its operating efficiency target of EUR3 billion in
gross savings between 2015 and 2018 six months ahead of schedule,
it said.
Orange confirmed its objective of stronger growth in 2018
adjusted Ebitda compared with 2017.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
July 26, 2018 02:07 ET (06:07 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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