Tuesday, July 26, 2016

Orange H1 Net Profit Up, France Income Down; Confirms FY Growth View; Stock Dips

Shares of Orange SA declined around 3 percent in the morning trading in Paris after the French telecom major reported Tuesday weak restated EBITDA, a key earnings metric, in its home country in the first half, as well as weak EBITDA margin. Group restated EBITDA, however, increased with higher revenues, and the company posted significantly higher net profit, benefited by the sale of EE.

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