28/07/2016
2016 second-quarter Revenue and 2016 First-Half Results (CFAO SA)
(Source: CFAO SA) PRESS RELEASE Sèvres, July 28, 2016 2016 second-quarter Revenue 2016 Interim First-Half Results More favorable trend in the second quarter with sales up +2.5% Economic environment still difficult in oil-producing countries, in particular in Algeria, Congo and Nigeria Half-year recurring operating income at 6% of sales after taking into consideration launch costs of development projects Signing of an agreement with Wendel and FFC under which they acquire respective stakes of 40% and 20% of the real estate entity (quot;SGI Africaquot;) In a statement, Richard Bielle, Chairman of CFAO's Management Board said: quot;The first half of 2016 is characterised by a sales...
