FT net income expected to fall 29%

26 Jul 2006

According to a poll of five analysts surveyed by Dow Jones Newswires, France Télécom (FT) is likely to announce a 29% drop in net profit to EUR2.4 billion (USD3 billion) when the telco releases its results for the first half of 2006 tomorrow. The fall is partly due to FT’s declining market share in the fixed line sector but analysts also note that net profit for 1H 2005 was boosted by a EUR1.2 billion gain from the sale of shares in directory PagesJaunes and Mobilcom. EBITDA is expected to rise 2.2% to EUR9.5 billion on the back of a 8.9% hike in revenue to EUR25.8 billion.

France, Orange Group