Orange H1 Profit Drops 38%

Orange SA

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.