UPDATE 3-French road firm APRR profit up, state sale looms

Newswire

(Adds CEO comments on sale process) By Sudip Kar-Gupta PARIS, Sept 27 (Reuters) - French toll road operator Autoroutes Paris Rhin Rhone reported a surge in first-half profits on Tuesday as the government prepares to sell stakes in both APRR and its rivals. Net profit rose 49 percent to 91.5 million euros ($110.3 million), boosted by lower costs and a 4 percent rise in sales. Operating profit increased 2.3 percent to 310.2 million euros. APRR added it expected full-year net profit to ...

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