Accor H1 net profit 596 mln eur, up 147.6 pct from yr earlier |
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Wed, 29 Aug 2007 06:47
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PARIS (Thomson Financial) - Hotel and business services group Accor said first half net profit was 596 mln eur, up 147.6 pct from a year earlier, amid strong activity that is expected to continue in the second half.It projected full year pretax operating profit at 870-890 mln eur, up from 727 mln last year. The guidance was above some expectations, with Morgan Stanley having forecast that Accor would predict a range of 860-880 mln.Accor said revenue per available room in July was up strongly from a year earlier except in the US, with services sales in July up 12 pct on a like-for-like basis.tfn.paris@thomson.commjs/ejpCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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