Orange H1 Profit Drops 38%
Orange SA (NYSE: ORAN) reported a 38% drop in its net income fall 38% in the first half of 2013.
Its net income for the period fell to EUR1.07 billion, or 41 cents a share, versus EUR.1.74 billion, or 66 cents a share, in the year-ago period.
Orange's earnings before interest tax, depreciation and amortization fell to EUR6.42 billion, from 6.82 billion. Its revenue declined 9.9% to EUR20.60 billion.
Orange shares closed at $10.23 yesterday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.