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Saturday, March 14, 2009

Alcatel-Lucent eyes net profit in H2 2010

French telecoms equipment maker Alcatel-Lucent (ALUA.PA) is hoping for a return to net profits in the second half of 2010, French daily Les Echos said on Friday.

Paul Tufano, the company's financial head, was quoted as saying, "Regarding net income, we expect to return to profits during 2010, most likely in the second-half of the year".
In February Chief Executive Ben Verwaayen told Le Figaro newspaper that the group expected to achieve a net profit during 2010.

The group has already given a 2009 earnings outlook for break-even in group adjusted operating profit and a forecast for an 8 to 12% decline in the value of the overall market.


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