Market Overview

Accor Swings To First-Half Profit


Accor SA (OTC: ACRFY) swung to a first-half profit from a year-ago loss.

Accor's net income for the period came in at 41 million euros ($59.1 million), versus a loss of 15 million, in the year-ago period. Its revenue climbed to 2.97 billion euros, from 2.85 billion. Its revenue surged 5.8% on a comparable basis. Accor's earnings before interest and taxes jumped 28% to 199 million euros.

Accor shares gained 1.23% to close at $6.61 yesterday.

Posted-In: EarningsEarnings News


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