Belgacom Projects 1% Drop In 2012 Sales

Belgacom SA (OTC: BGAOY) projected a 1% decline in its 2012 revenue. Belgacom projected 2012 earnings before interest, taxes, depreciation and amortization to drop 5% to 6% in 2011. Belgacom's fourth-quarter net profit declined EUR169 million, from EUR230 million, in the year-ago quarter, in line with analysts' estimates. Its revenue fell to EUR1.62 billion, from EUR1.66 billion. However, EBITDA dropped to EUR450 million, from EUR503 million. Belgacom shares closed at $6.35 yesterday.