France`s acquisitive media conglomerate Vivendi reported higher third-quarter earnings and kept its 2017 outlook for an increase in sales and profit over the year.
Vivendi`s third-quarter EBITA (earnings before interest, tax and amortisation) rose 5.7 percent from a year ago to 293 million euros ($345 million), while its revenue increased by 19.3 percent to 3.184 billion euros.
Vivendi, chaired by French billionaire Vincent Bollore, has built up stakes in companies such as Telecom Italia, MediaSet, video games group Ubisoft and it bought advertiser Havas this year.
TRENDING NOW
Vivendi kept its 2017 outlook for revenue to increase more than 5 percent and for a rise of around 25 percent in its EBITA, prior to its integration of the Havas business.
($1 = 0.8495 euros)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
11:06 pm
Industrial production growth rises to five-month high of 5.7% in July
IMF urges pact to boost its resource quota, strengthen world economy
Australian economy grows modestly in Q2, eases recession fears
