Orange Q2 core operating profit up 0.5% on Africa, Middle East boost
FILE PHOTO: The logo of French telecom operator Orange is seen at the regional company headquarters in Nantes, France, January 24, 2022. REUTERS/Stephane Mahe
PARIS : Orange, France's biggest telecoms firm, said on Thursday second-quarter core operating profit rose 0.5 per cent from a year earlier, as strong growth from its African and Middle East division offset a fall in sales in its home country and Spain.
Earnings before interest, taxees, depreciation and amortisation after leases (EBITDAaL) rose to 3.31 billion euros ($3.38 billion) over the period. This matched the average of 14 analyst estimates canvassed by the company.
Second-quarter sales declined by 0.4 per cent on a comparable basis to 10.7 billion euros. Orange also confirmed its full-year targets, including an increase in core operating profits between 2.5 per cent and 3 per cent.
It said it would offer a dividend of 70 euro cents per share for the 2022 fiscal year, in line with its expectations.
($1 = 0.9800 euros)
