Bouygues Reports 27% Drop In First-Half Net Profit

Bouygues SA (OTC: BOUYY) reported a 27% drop in its first-half net profit. Bouygues' net profit for the period declined to EUR391 million. Bouygues's total sales climbed 4% to EUR15.2 billion, while operating profit gained 6% to EUR752 million. Bouygues also announced its plans to buy back EUR1.25 billion worth of its own shares at EUR30 per share