PARIS, July 31 Telecom equipment maker
Alcatel-Lucent improved its gross and operating
margins in the second quarter as an ongoing cost-cut programme
and higher sales of new network gear to global operators paid
The group also said it planned to float its submarine
network division in the first half of next year while keeping a
majority stake so as to help the unit develop in the oil and gas
The Paris-based company, which competes with Sweden's
Ericsson, China's Huawei and Finland's Nokia
, saw second-quarter revenue rise 0.7 percent to 3.28
billion euros compared with the same period a year ago, and core
operating profit tripled to 136 million. The operating margin
improved to 4.1 percent from 1.3 percent last year, while gross
margins climbed to 32.6 percent from 31.2 percent.
The group remained in the red however with a net loss of 298
million euros, compared to 885 million in the same period last
year, because of restructuring charges linked to layoffs.
Analysts had expected second-quarter sales of 3.28 billion
euros, operating profit of 113 million euros, and a net loss of
19.9 million euros, according to Thomson Reuters I/B/E/S.
(Reporting by Leila Abboud;editing by Geert De Clercq)