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. Last Updated: 07/27/2016

Telecom Profits Jump

PARIS () -- France Telecom, in which the government plans to sell a 20 percent stake on the stock market, reported a 41.3 percent jump in first-half profit on Wednesday.

The state telecommunications group said net attributable profit rose to 8.9 billion francs ($1.5 billion) for the first six months of the year from 6.3 billion francs for the same period of 1996. It said the leap in profit was driven by a 1.1 billion franc capital gain.