Vivendi Earnings Rise On Strong Games Sales, Brazil
Posted on
May 28th, 2011
by Admin
(Rewrites, adds detail in fifth, sixth, 10th and 11th paragraphs)
By Ruth Bender
Of DOW JONES NEWSWIRES
PARIS (Dow Jones)–French media-to-telecoms conglomerate Vivendi SA (VIV.FR) Thursday said first-quarter earnings rose as strong sales of video-games and growth at Brazilian telecoms unit GVT offset weakness at French carrier SFR.
Vivendi said it still expects adjusted profit to grow slightly this year, counting mainly on strong growth at GVT. The Paris-based group also said that it expects adjusted profit to be higher than EUR3 billion this year and its dividend to increase after it takes full control of SFR, a deal which …