Motorway firm SANEF sees 85 pct profit distribution

Newswire

PARIS, Feb 11 (Reuters) - Motorway operator Autoroutes du Nord et de l'Est de la France (SANEF), a state-owned company set to list shares this year, said on Friday it would distribute 85 percent of its consolidated net 2005 profit as soon as in 2006.

The company said at a presentation of its 2004 results that it earned 97 million euros ($124.3 million) last year compared with 42 million in 2003.

France is expected to privatise between 20 and 25 percent of SANEF by the ...

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