High speed

7 May 2008 By Pierre Briancon

The French engineering group posted net profit up 56% for the year and will double its payout. Chief executive Patrik Kron says he s still interested in a tieup with Areva, the nuclear powerhouse, but his numbers show he can do without it.

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Alstom Wednesday said its net profit for fiscal year 20072008 came in at E852m, up 56%, on revenue of E17bn, a 20% increase over the year before.

The French engineering group's operating margin rose one point to 7.7%. Alstom also raised its guidance for 2010, saying its op margin would reach 9% then, and increase thereafter "based on current market conditions".

The company said it would propose doubling its dividend , to E1.6, as well as a share split effective in July, at its next shareholders meeting.

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