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Vivendi gained 1,260 million Euros in first semester

The telecommunication and mass media group announces a net benefit of 1,260 million Euros in the first semester of the year, a 49% more than in the same period of 2004, in spite of the losses in Canal+

The company invoiced 9,131 million Euros in the six first months of the year, a 8% more. The operation result was of 1,994 million Euros, in progression of 31% with respect to the same period of 2004, due to the good results registered in the activities of music (+90 million), the return to the balance of the games (+181 million) and the maintenance of the growth of the telecommunications (+167 million).

The television channel Canal+ lowered in 24 million by the impact of the strong commercial investments realized in anticipation of the exclusive feature of the rights of the soccer and a temporary unfavorable effect of the cinema activity, according to Vivendi Universal.

In the second trimester, the company had a net benefit of 758 million Euros, against the 678 million the same period of 2004, whereas the operation result was of 1,082 million (compared with 792 million a year ago) and the invoicing was placed in 4.622 million (4,274 million for a year).

Due to the results obtained in the first semester, the president of the group, Jean-Bernard Lévy, indicated that he hopes to surpass the objective announced for year 2005 of a fit net result of at least 1,800 million Euros. In addition, Lévy confirmed the intention of the company to distribute half of the benefits fit in dividends by action.

(Agencies, 13-09-05)

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