| You are in: Business | |||||||||||||||||||||||||||||||||||||||||
| Thursday, 30 August, 2001, 16:05 GMT 17:05 UK Surprise rise in Orange profits ![]() Strong results from France Telecom, owner of the mobile phone and internet companies Orange and Wanadoo, has given telecoms investors some unexpected cheer. Profits at Orange - the leading mobile phone operator in France, and the UK's number two - rose 102% to 1.63bn euros ($1.48bn; �1.02bn), excluding the costs of interest payments, tax, depreciation and amortisation (Ebitda). This was far above expectations of a 60% rise. Cash flow was also much stronger than expected. Error France Telecom brought forward the publication of its first-half results after sending the figures, in error, to analysts. On Wednesday evening, France Telecom asked analysts in an e-mail to ignore the "confidential information" that had been sent out in error. But with shares in Orange climbing 8% during Thursday morning trade, France Telecom was forced to confirm the preliminary data. France's leading telecoms operator has blamed a computer error in its press office for the leak. Rising shares The strong performance by Orange helped France Telecom to a 14% rise in first-half Ebitda to 6.07bn euros. And the group's internet arm Wanadoo reported losses of 54m euros, 3m euros less than the previous year. Full results will be released on 5 and 6 September as originally scheduled. When the markets closed, shares in Orange were 19.5p or 4.28% higher at 475.55p on the London stock exchange, down from the day's high. In Paris, France Telecom stock fell 5.5%. |
See also: Internet links: The BBC is not responsible for the content of external internet sites Top Business stories now: Links to more Business stories are at the foot of the page. | |||||||||||||||||||||||||||||||||||||||
Links to more Business stories |
| ^^ Back to top News Front Page | World | UK | UK Politics | Business | Sci/Tech | Health | Education | Entertainment | Talking Point | In Depth | AudioVideo ---------------------------------------------------------------------------------- To BBC Sport>> | To BBC Weather>> ---------------------------------------------------------------------------------- © MMIII|News Sources|Privacy | ||