Alstom H1 Profit Falls, Sales Rise - Quick Facts

(RTTNews) - French speed-train maker Alstom SA (AOMFF.PK, ALS.L) on Wednesday reported that its first-half net income Group share fell to 227 million euros from 563 million euros in the prior-year period.

The company noted that the net income, Group share, for the latest period included net income from discontinued operations of 14 million euros, while the year-ago period's results included net income from discontinued operations of 245 million euros.

Net profit from continuing operations group share for the first half decreased to 213 million euros from 318 million euros in the prior-year period, which included several one-off items, in particular 100 million euros linked to the General Electric joint venture transaction.

Adjusted EBIT was 319 million euros and lead to an adjusted EBIT margin of 7.7 percent, compared to 303 million euros in the previous-year period.

First-half sales rose 3 percent to 4.14 billion euros from 4.01 billion euros last year and also increased 2 percent on an organic basis.
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