PARIS Aug 28 French diversified group Bouygues
lowered its sales forecast on Thursday after it posted
weaker than expected first-half profit, hit by its aggressive
pricing strategy in telecoms and a sluggish road-building
First-half current operating profit fell 61 percent to 134
million euros ($177.05 million) as sales edged up 1 percent to
15.18 billion, the group said. That compared with an average
estimate of 178 million in current operating profit and 15.07
billion in sales in a company-provided poll of eight analysts.
Bouygues, which had previously expected roughly stable group
sales this year, said it now expects sales to be down 1 to 2
percent as a price war rages in French telecoms and orders wane
at its domestic construction business.
(1 US dollar = 0.7568 euro)
(Reporting by Natalie Huet; Editing by Andrew Callus)