SFR's second-quarter profitability hit by heavy promotions in mobile business

By Mathieu Rosemain PARIS (Reuters) - France's SFR reported a steep decline of its second-quarter core operating profit, hit by heavy promotions and customer losses in its mobile business as competition remains fierce in the French telecoms market. Core operating profit at France's second-biggest telecoms operator fell 6.8 percent from the previous year to 999 million euros ($1.11 billion), while revenue declined by 4.3 percent to 2.78 billion euros. "We are seeing right now a more normalized co