Iliad doubles profits

French ISP Iliad has announced that its net profit doubled to €171.4m in the first half of the year.

Operating profit amounted to €295.8m at June 30, compared to €133.9m a year earlier. The company said this increase was due to the recognition of a non-recurring income of € 61m, comprising exceptional income of €125m, a €40m writedown of a Wimax licence and various non-recurring provisions, along with the end of Alice restructuring costs.

Earlier this month, Iliad announced it ended June with a total of 4.5 million ADSL subscribers, up from 4.3 million a year earlier.  The company is switching its Alice brand subscribers over to Free. It ended June with 3.9 million Free subscribers, up from 3.6 million a year earlier, while its Free customer base declined to 611,000 from 782,000.

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