Vivendi Posts Q3 Profit Boom

20 November 2006

PARIS: Media and telecoms conglomerate Vivendi Universal has posted robust third quarter profits, due in part to a strong performance from its Canal Plus pay-television unit.

Net income rose to €1.56 billion ($1.9bn; £1.05bn) from €646 million a year earlier. Vivendi expects its 2006 profit, excluding one-time items, to rise at least 16% to €2.6bn.

Canal Plus posted a 53% jump in earnings before Ebita, to €148m.

The company comments: "This performance is due to growth in pay-TV operations in France, which mainly benefited from strong portfolio additions and increased revenue per subscriber."

Data sourced from Wall Street Journal Online; additional content by WARC staff