Orange 2Q Net Profit Up, Backs 2019 View
25 Julio 2019 - 1:33AM
Noticias Dow Jones
By Patrick Costello
Orange (ORA.FR) said Thursday that its second-quarter net profit
rose 32% on year due to improvements in income resulting from the
disposal in June of its residual interest in BT Group PLC
(BT.A.LN).
The French telecommunications company posted a net profit of
1.04 billion euros ($1.16 billion), compared with EUR789 million a
year ago. Improvements in the group's financial income included
lower impairment costs from its stake in BT, it said.
Revenue rose 0.5% on year to EUR10.39 billion, while adjusted
earnings before, interest, taxes, depreciation and amortization
after leasing, or Ebitdaal, increased 0.9% to EUR3.38 billion.
The company said it began using Ebitdaal as a financial
indicator in January to account for the adoption of the IFRS 16
accounting standard.
Operating cash flow fell 1.7% to EUR1.5 billion, it said.
Orange said its results were boosted by a strong performance in
its Middle East and Africa segment, where revenue increased 5.8%,
while revenue in its home market of France was up 0.4%.
The company confirmed its full-year targets, including slightly
lower Ebitdaal growth on a comparable basis compared with 2018 and
higher operating cash flow.
Write to Patrick Costello at patrick.costello@dowjones.com.
(END) Dow Jones Newswires
July 25, 2019 02:18 ET (06:18 GMT)
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