Arab Today, arab today france telecom reports profit plunge
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

France Telecom reports profit plunge

Arab Today, arab today

Arab Today, arab today France Telecom reports profit plunge

Paris - AFP

France Telecom reported on Wednesday a plunge in net profit last year owing to writedowns but its sales figures beat analysts\' expectations in a context of a price war in France and Poland. Net profit fell to 820 million euros ($1.1 billion), or a fifth of the figure for 2011. Sales fell by 3.9 percent to 43.5 billion euros. Finance director Gervais Pellissier said in a telephone press conference that the group, which owns the Orange mobile phone brand, had achieved its target of operational cash flow of 8.0 billion euros in a \"difficult\" climate. The company said that it was holding to its target of cash flow this year of 7.0 billion euros despite a slightly more difficult context in France and in Europe. The price of shares in France Telecom was showing a fall of 0.54 percent to 7.68 euros. in mid-morning trading. Pellissier said that the company would have to accelerate the way it adapted to the new shape of the telecom services market and had set four priorities for this year. These were the transformation of the French business model, dealing with its problems in Poland, accelerating mutual activities across Europe and innovation to retain clients. The group said that \"the effects of increased competition in European countries, particularly in France, were being compensated for partly by sustained growth of activities in Africa and the Middle East, an increase of 5.3 percent, and in Spain, 3.6 percent.\" The mobile telephone market in France was thrown into turmoil last year by deep price-cutting by operator Free Mobile.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today france telecom reports profit plunge Arab Today, arab today france telecom reports profit plunge

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today france telecom reports profit plunge Arab Today, arab today france telecom reports profit plunge

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday