By Noemie Bisserbe
PARIS--French conglomerate Bouygues SA said Friday net profit
for the first nine months of the year jumped, as the sale of
television sports channel Eurosport and the disposal of a stake in
a highway concession company more than offset continued losses at
its telecom unit.
The group's net profit rose to 728 million euros ($905 million)
for the nine months through September, from EUR548 million a year
ago.
Sales also were up 0.6% to EUR24.22 billion in the nine-month
period from EUR24.09 billion a year ago.
Bouygues--whose operations range from TV broadcasting and
construction to telecom activities--said it expects revenue to be
"about stable" this year as the price war in the French telecom
market, a fragile TV-advertising market and a slowdown in
public-sector orders in the construction sector in France all weigh
on the group's performance.
Bouygues made an unsuccessful bid for rival mobile operator SFR
earlier this year, which owner Vivendi SA sold instead to
investment company Altice SA.
Write to Noemie Bisserbe at noemie.bisserbe@wsj.com
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