French Stocks: Air France, Societe Generale, Total, Vallourec

By Adria Cimino

Aug. 5 (Bloomberg) -- France's CAC 40 Index added 68.34, or 1.6 percent, to 4,348.91 at 1:56 p.m. in Paris after three days of losses. The SBF 120 Index also increased 1.6 percent.

The following shares rose or fell in Paris. Stock symbols are in parentheses.

Air France-KLM Group (AF FP) climbed 1.15 euros, or 7.1 percent, to 17.41 euros. Europe's biggest airline said first- quarter profit fell 59 percent to 168 million euros ($260 million) as fuel prices increased and asset sales boosted year- earlier earnings. That surpassed the average analyst estimate of 152 million euros.

GFI Informatique SA (GFI FP) rose 6 cents, or 1.5 percent, to 4.01 euros, advancing for a second day. The computer- services company reported a 16 percent rise in second-quarter sales to 191.3 million euros and said it was ``confident'' of meeting full-year targets.

Societe Generale SA (GLE FP) advanced 4.49 euros, or 7.6 percent, to 63.99 after earnings beat analysts' estimates. France's second-biggest bank by market value reported a 63 percent decline in second-quarter profit to 644 million euros after writedowns linked to the subprime contagion led to a loss at the investment-banking unit. Earnings exceeded the 550 million-euro median estimate of 13 analysts surveyed by Bloomberg.

Rival lender BNP Paribas SA, which reports earnings Wednesday before market open, jumped 1.93 euros, or 3.3 percent, to 61.435 euros. Credit Agricole SA, France's third- largest bank by market value, gained 62 cents, or 4.5 percent, to 14.33.

Teamlog SA (TLO FP), a consulting company, climbed 24 cents, or 7 percent, to 3.65 euros. Groupe Open SA, a computer- services company, raised its Teamlog stake to 98 percent.

Total SA (FP FP), the share with the largest weighting on the CAC 40 index, slid 1.02 euros, or 2.1 percent, to 47.25, falling for a third day. Crude oil fell below $120 a barrel in New York as meteorologists forecast Tropical Storm Edouard will miss most offshore production facilities in the U.S. Gulf Coast while approaching Texas.

Vallourec SA (VK FP), the world's second-largest supplier of seamless pipes for energy extraction, tumbled 11.26, or 5.9 percent, to 179.46, making it today's worst performer on the CAC 40 index.

To contact the reporter on this story: Adria Cimino in Paris at acimino1@bloomberg.net.