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August 31, 2017This post was originally published on this site
PARIS (Reuters) – French media group Vivendi (VIV.PA) reported better than expected core profit growth for the second quarter on Thursday and confirmed its outlook for the full year, saying its struggling Canal+ pay TV arm was showing signs of improvement.
Earnings before interest, tax and amortization (EBITA) grew 16 percent from a year earlier to 203 million euros ($242 million), it said in a statement.
A poll of analysts for Reuters by Inquiry Financial had forecast on average an EBITA result of 183 million euros.
($1 = 0.8404 euros)
Reporting by Andrew Callus; Editing by Sudip Kar-Gupta
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