Feb 16 (Reuters) - French satellite operator Eutelsat reported on Friday a drop of 7.4 percent in first-half core profit (EBITDA), weighed down by continuous slowing demand in its video division.
Its core business, video application, showed a 1.2 percent like-for-like decline in the first-half.
The company reported EBITDA of 544.6 million euros ($682.71 million) on revenue of 696.6 million euros.
Eutelsat confirmed its target for core profit margin of over 76 percent for fiscal year 2017/2018. ($1 = 0.7977 euros) (Reporting by Anita Kobylinska; Editing by Biju Dwarakanath)