Bouygues: interim earnings up 18%
(CercleFinance.com) - Bouygues has published H1 2018 net income, group share that is up 18% at 260 million euros (209 million euros restated for extraordinary items), while underlying operating profit fell 13% to 303 million euros.
The conglomerate said that this reflects increased profitability at Bouygues Telecom, while underlying operating profit of the group's construction business continued to suffer from poor weather conditions in the first quarter.
Nevertheless, with a record order backlog in construction, which reached 33.7 billion euros at end-June, Bouygues confirms its outlook for 2018, as announced on publishing its Q1 results.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The conglomerate said that this reflects increased profitability at Bouygues Telecom, while underlying operating profit of the group's construction business continued to suffer from poor weather conditions in the first quarter.
Nevertheless, with a record order backlog in construction, which reached 33.7 billion euros at end-June, Bouygues confirms its outlook for 2018, as announced on publishing its Q1 results.
Copyright (c) 2018 CercleFinance.com. All rights reserved.