correction: corrects the first para to say profit declined 41%.
Bouygues SA (BOUYY.PK) reported that its fiscal 2012 net profit attributable to the Group declined 41% to 633 million euros from 1.070 billion euros in the prior year.
Operating profit for the year was 1.120 billion euros, down from 1.857 billion euros in the previous year. The result included non-current charges of 200 million euros at Bouygues Telecom and TF1 and EUR34 million of capital gains on asset disposals at Bouygues Telecom, while the prior-year included 38 million euros of non-current income relating to an asset disposal at Bouygues Telecom.
Sales for the year rose 3% to 33.55 billion euros from 32.71 billion euros last year.
The company said that its Board will ask the Annual General Meeting on 25 April 2013 to approve the payment of a dividend of 1.60 euors per share, the same as in 2011. The ex-date, record date and payment date have been set at 30 April, 3 May and 6 May 2013 respectively.
The company also noted that its Board will ask the next Annual General Meeting to renew the terms of office of Yves Gabriel, Patrick Kron, Colette Lewiner, Jean Peyrelevade, François-Henri Pinault and SCDM, represented by Olivier Bouygues. The Board will also ask the next Annual General Meeting to appoint Rose-Marie Van Lerberghe as a director in place of Patricia Barbizet, resigning, and Jean-Paul Chifflet as a director in place of Lucien Douroux, whose term of office expires.
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