Investing.com -- French conglomerate, Bollore, experienced a dip in its stock value as it reported a decrease in profitability for fiscal 2024.
The company’s shares dropped by 7.5%, trading at 5.38 euros in Tuesday trading.
The company’s preferred metric, adjusted earnings before interest, taxes, and amortization (EBITA), which excludes exceptional and other one-time items, fell drastically by 98% on-year, landing at 1 million euros ($1.1 million).
In addition, the group’s revenue saw a slight decline of 1%, totaling 3.13 billion euros.
Bollore also reported an increase in net income, which rose to 1.82 billion euros from 268 million euros.
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