French conglomerate Bouygues<\/a> reported on Tuesday that core earnings surpassed analysts' expectations for the first half of the year and raised its telecoms division's targets<\/a> for the full year.
The construction, telecoms and media group posted a current operating profit of 492 million euros ($505.23 million) for the six months to June, ahead of analysts' median forecast of 409 million euros according to a company-compiled poll.
It now expects Bouygues Telecom<\/a>'s earnings before interest, taxes, depreciation, and amortisation (EBITDA<\/a>) after leases to increase by over 8% in 2022, against around 7% previously.
In addition, Bouygues Telecom replaced its 2022 sales from services growth target of around 5% with a sales billed to customers growth target of above 5%, which it said was \"more representative of its performance\".
($1 = 0.9738 euros)
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