Strong telecoms performance helps Bouygues double its profits

27 Feb 2003

French construction and communications group Bouygues has reported profits for 2002 nearly double those of the previous year. The company posted net earnings of EUR666 million for 2002, up 94% on the EUR347 million reported twelve months before. Sales at its telecoms and media unit rose 49% to EUR5.54 billion whilst its 67% stake in Bouygues Telecom brought in net profits of EUR75 million.