Finance
French conglomerate Bouygues posts 9-month core profit slightly above forecast
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(Reuters) – French construction-to-telecoms group Bouygues posted nine-month core earnings slightly above expectations on Tuesday, driven mainly by its energy arm Equans, construction and telecom units, which offset a decline in the
(Reuters) – French construction-to-telecoms group Bouygues posted nine-month core earnings slightly above expectations on Tuesday, driven mainly by its energy arm Equans, construction and telecom units, which offset a decline in the real estate division.
Bouygues acquired Equans from French power group Engie in October 2022 as the family-owned group — already present in civil engineering, construction, media and telecom sectors — seeks growth in energy transition and services. Current operating profit from activities (COPA) rose to 1.72 billion euros ($1.87 billion) in the January-September period, beating an analysts’ consensus estimate of 1.63 billion euros, according to a company-compiled poll.
The group confirmed its annual financial targets announced in February.
($1 = 0.9194 euros)
(Reporting by Michal Aleksandrowicz; Editing by Rashmi Aich)
Core profit refers to the earnings generated from a company's primary business operations, excluding any income from non-operational activities or one-time events.
Operating profit is the profit a company makes from its core business operations, calculated as revenue minus operating expenses, excluding taxes and interest.
Energy transition refers to the global shift from fossil fuel-based energy production to renewable energy sources, aiming for sustainability and reduced carbon emissions.
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