Wednesday, September 1, 2010

Vivendi raises full-year outlook

French media giant Vivendi has improved its outlook for 2010 after reporting a 4% rise in first-half profit.

Vivendi saw a net profit of 1.53bn euros ($1.95bn; £1.26bn) in the first six months of the year, up from the 1.47bn euros it made a year ago.

But revenues at its Universal Music Group fell 5.4%, because of "fewer major local and international releases and reduced demand".

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