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Vivendi profits up, sees no impact from crisis
November 16, 2011 / 6:06 AM / 6 years ago

Vivendi profits up, sees no impact from crisis

PARIS, Nov 16 (Reuters) - Telecoms and entertainment group Vivendi said on Wednesday it had yet to see an impact from the current economic gloom on its business as it posted higher 9-months profits, driven by fast-growing demand in Brazil and in its video games business.

Chief Executive Jean-Bernard Levy told Le Figaro newspaper that plans to buy the 20 percent stake held by media group Lagardere in pay-TV unit Canal Plus were no longer on Vivendi’s agenda.

Vivendi posted a 13.8 percent rise in nine-months adjusted net profit to 2.5 billion euros while revenue rose 0.8 percent to 21 billion euros, figures released with the Figaro interview showed.

A Thomson Reuters poll of 7 analysts eyed adjusted net profit of 2.395 billion euros and revenue of 21.023 billion euros.

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