neuf’s H1 profits dips

5 Sep 2007

neuf Cegetel has reported net income of EUR103 million (USD140 million) in the first six months of 2007, down from EUR107 million in the corresponding year ago period, as lower deferred tax credits offset a rise in operating profits. The altnet had previously reported preliminary gross operating earnings last month showing an operating profit of EUR110 million, up from EUR56 million a year ago. Thomson Financial notes neuf Cegetel recorded deferred tax credits of EUR17 million in 1H 2007, compared to the EUR96 million reported in 1H 2006 which undermined the group’s bottom line.

France, neuf Cegetel