PARIS (MNI) – France’s 70 large groups quoted on Euronext
collectively posted an annual rise in turnover in the first half of this
year of 6% (compared to +7% at end-June 2011), with the dynamism of
emerging economies compensating the stagnation of activity in Europe,
the Bank of France reported Monday.
However, operational results stagnated and net profits declined by
15%. Cash on hand remained “comfortable”, rising 6% to E137 billion
compared to end-June 2011, the central bank said. Investment outlays
increased by close to E2 billion to E51 billion.
Financial debt increased by 6% to 87% of own capital, up from 84%
at end-June 2011. The groups relied more on market financing, which
boosted the share of outstanding bonds to nearly half of total debt.
[TOPICS: M$F$$$,M$X$$$,M$$EC$]
