Advertisement

Quarterly profit plunges at Vivendi

In Brief | EARNINGS

November 15, 2007|From Times Wire Services

French entertainment and telecommunications group Vivendi said its third-quarter profit fell 63% from a year earlier, when gains helped results.

Net income dropped to 578 million euros ($845 million), the company said. Third-quarter results in 2006 were boosted by gains from the sale of shares in Veolia Environnement.


Advertisement

Revenue for the Paris company, which owns Universal Music Group, rose 11% to 5.42 billion euros ($7.91 billion).

Los Angeles Times Articles
|