Bouygues Nine-Month Net Profit Advances to EUR728 Million

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 [e-mail]

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