PARIS, Nov 15 (Reuters) - French conglomerate Bouygues reported a well-flagged decline in nine-month operating profits, as difficulties at its construction business offset a further improvement at its telecoms arm.
The family-controlled group, which also builds roads and owns France’s biggest private TV broadcaster TF1, kept its revised 2018 guidance for a stable or slightly lower current operating profit at group level.
Nine month revenues rose 6 percent to 25.219 billion euros ($28.59 billion), although current operating profits fell 12.1 percent to 820 million euros.
This was, however, above a company-compiled consensus of analysts’ expectations for a current operating profit of 797 million euros and sales of 24.785 billion euros.
$1 = 0.8822 euros Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta