Reported by: Eric CRWE Newswire Middle East Correspondent

Vivendi SA reported the fall of 3.7% in its net profit as the company earned 669 million Euros equivalent to $847.8 million for the second quarter as compared to net income of 695 million Euros for the same period last year. However the total revenue increased by 6.2% to 7.06 billion Euros in the second quarter as compared to 6.65 billion Euros last year.

The company’s nonrecurring charges declined by 3.4% to 790 million Euros as compare to 818 million Euros last year which resulted in rise of 9.8% in adjusted profit to 1.65 billion Euros from 1.51 billion Euros last year.

Vivendi increase in sales was mostly contributed by its video games business unit Activision Blizzard Inc and SFR which is regarded as the second largest cellular service operator in France.

Vivendi’s chief executive officer Jean-Bernard Levy stated that the company’s focus on growing revenue and profit organically but it would also look for acquisition opportunities to expand its business operations in emerging markets.

Vivendi has been in efforts since long to acquire additional 44% interest in SFR which is held by Vodafone Group PLC however according to Mr. Levy the company hasn’t started any official talks for buyout of minority share holdings.

********************************************************************

The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://crwenewswire.com/disclaimer) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period

 

 

Tags:

Activision Blizzard Inc |  Jean-Bernard Levy |  SFR |  Vivendi |  Vodafone Group OLC