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France Telecom second quarter profit falls
France Telecom SA says that second quarter profit fell 2.6 percent due to the impact of regulation, according to one measure of earnings performance.
France Telecom SA says that second quarter profit fell 2.6 percent due to the impact of regulation, according to one measure of earnings performance.
The company, whose largest shareholder is the French state, reported on Thursday that earnings before interest, tax, depreciation and amortization, or EBITDA, fell to euro3.98 billion in the three months to June from euro4.08 billion a year ago. Revenue was down 0.4 percent at euro11.18 billion. The company statement didn't immediately provide a net, or bottom-line, figure for the quarter.
New CEO Stephane Richard, who earlier this month laid out plans to make 5 percent of the global population clients of his Orange brand by 2015, sought to win over shareholders with a three year dividend guarantee of euro1.40 per share.
