Vivendi Profits Rise on Telecom, TV, and Video Games
by
Reuters News
on
29 February 2008, 08:37
Categories:
Media
-
Communications
-
Finance
Topics:
vivendi
,
video games
,
Universal Music
,
World of Warcraft
,
pay-TV
,
Maroc Telecom
Vivendi on Friday posted an 8.3
percent rise in adjusted full-year net profit, pulled by Maroc
Telecom, its pay-TV group, and its video games unit behind the
popular World of Warcraft game.
The French telecoms and media group reported adjusted net
earnings of 2.83 billion euros ($4.27 billion) in the 12 months
to December 31, above forecasts of 2.809 billion euros based on
Reuters Estimates from February 27.
The group proposed a dividend of 1.3 euros a share, which
represents 53.5 percent of adjusted net income and an 8.3
percent increase on the 2006 payout.
Vivendi said it expected profitability in 2008 to improve
as it did in 2007.
Earnings before interest, tax and amortization (EBITA) rose
8 percent to 4.721 billion euros.
Vivendi also owns the world's biggest record company
Universal Music Group and controls France's second largest
mobile operator SFR.