September 1, 2017 / 6:01 AM / a year ago

Iliad profit rises on subscriber gains

PARIS, Sept 1 (Reuters) - French telecoms operator Iliad said profit rose 22 percent in the first half as the provider of low-cost internet and mobile services continued to win new business from rivals Orange and SFR .

Net income rose to 232.6 million euros in January-June from 190.4 million a year earlier, the company sad in a statement, on a 7.3 percent increase in revenue to 2.46 billion.

The owner of the Free internet and mobile brand, whose 2012 market launch sparked a price war in France, also posted 874.6 million euros in earnings before interest, tax, depreciation and amortisation (EBITDA), up 8.2 percent.

The group said it added 200,000 net new mobile subscribers in April-June, winning the biggest share of new business among French mobile operators for the 22nd consecutive quarter. Total subscribers including fixed-line rose to 19.61 million at the end of June from 18.34 million a year earlier.

Iliad reiterated full-year and medium-term goals including a 40 percent EBITDA margin by 2020, compared with 35.5 percent recorded in the first half. (Reporting by Laurence Frost and Gwenaelle Barzic; Editing by Leigh Thomas)

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