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| Name | Symbol | Market | Type |
|---|---|---|---|
| Vivendi SE (PK) | USOTC:VIVHY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 12.00 | 12.00 | 12.00 | 0.00 | 01:00:00 |
From Jul 2019 to Jul 2024
By Marc Navarro Gonzalez
Vivendi SA (VIV.FR) said Thursday that its fourth-quarter net profit increased more than tenfold.
Net profit for the three months was 828 million euros ($1.03 billion) compared with EUR81 million in the same period last year, the French media group said. Revenue rose 23% to EUR3.82 billion.
Vivendi said earnings before interest and taxes--a measure of profitability closely watched by analysts--was EUR364 million compared with EUR63 million the year-earlier period.
Revenue was driven by Universal Music Group's growth, which was helped by the rise of music-streaming services, and the recovery of Canal+ Group, the company said.
Vivendi said its stake in advertising company Havas represented a contribution to fourth-quarter revenue of EUR626 million.
The Supervisory Board approved an ordinary dividend of EUR0.45 per share with respect to 2017, up 12.5% from the previous year.
Write to Marc Navarro Gonzalez at marc.navarro@dowjones.com
(END) Dow Jones Newswires
February 15, 2018 12:29 ET (17:29 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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