Vivendi profit falls 49% in 2nd quarter
From Times Wire Services
Entertainment and telecom conglomerate Vivendi reported that its second-quarter earnings fell 49% from a year earlier, when it had a gain from an asset sale.
Profit at the French company fell to $810 million from $1.57 billion a year earlier. Last year’s figure was inflated by the sale of Vivendi’s shares in DuPont Co. for nearly $700 million.
Chairman Jean-Bernard Levy reaffirmed the company’s full-year earnings forecast of more than $3.7 billion.
