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.