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France Telecom 2012 Profit Drops 79%

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France Telecom SA (NYSE: FTE) reported a 79% fall in its 2012 net profit.

France Telecom's 2012 profit declined to 820 million euros ($1.1 billion), down from EUR3.90 billion, in the year-ago period.

Its revenue dropped 3.9% to EUR43.52 billion, while operating income decreased 49% to EUR4.06 billion.

France Telecom shares closed at $10.50 yesterday.

Posted-In: profitEarnings News


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