Accor Swings To First-Half Profit

Accor SA 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.