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| Bouygues reports a further rise in sales and profit France-based Bouygues reported a solid performance in terms of both sales and profit in the first half of 2007. Sales rose by 10%. Operating profit climbed 22% to 1,055 million euros and net profit was up 16%. Excluding profit from divested and held-for-sale companies in the first half of 2006 (Bouygues Telecom Caraibe and TPS), net profit from continuing operations increased by 45%. The EBITDA margin was 33.6% of sales from network (up 3.4 points) and net profit amounted to 289 million euros. Net profit rose by 48% on the first half of 2006, excluding 110 million euros from Bouygues Telecom Caraibe. This solid profitability was due in particular to sales growth, lower marketing expenses and non-recurring items. Based on the group's first-half 2007 sales and business indicators, Bouygues has raised its full-year sales target to 29 billion euros from 28.8 billion euros announced on 6 June 2007. write your comments about the article :: © 2007 Construction News :: home page |