Alcatel-Lucent reports big loss

Source:Reuters Published: 2013-7-30 23:28:03

French telecom-equipment maker Alcatel-Lucent announced a big loss on restructuring charges, but also flagged progress on its new strategy, on sales and with a partnership on Tuesday, driving its shares up.

The group, which has lurched from crisis to false dawn to crisis since it was formed of a merger, said its first-half losses had doubled this year.

Earnings were hit by restructuring charges and falling asset values.

The company said it lost 885 million euros ($1.17 billion) in the six months to June, compared to a loss of 396 million euros for the same period in 2012.

Reuters

Posted in: Companies

blog comments powered by Disqus