Vivendi 2006 net adjusted profit meets target
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French media and telecoms group Vivendi  posted on Wednesday an 18 percent rise in adjusted full-year net profit in line with forecasts, pulled by Maroc Telecom and its games, French mobile and pay-TV units.
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Advertising and marketing giant WPP said Friday that net profit jumped by 19.8 percent in 2006 to 435.8 million pounds, as sales grew strongly across emerging powers, notably in Asia.
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Discount retailer meets expectations, forecasts 19% earnings gain next quarter.
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Merck & Co.  on Wednesday stood  by its forecast of flat earnings for 2006 and projected  slightly higher 2007 results, in line with Wall Street  expectations, as the drugmaker grapples with generic  competition for a number of its medicines.
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France&#39;s largest media company, Vivendi Universal (EAUG.PA: Quote, Profile, Research) , raised its 2004 earnings forecast as it reported a 19 percent increase in third-quarter underlying operating profit, buoyed by a rebound in
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Advertising group WPP said Friday that net profit jumped by 19.8 percent in 2006 to 435.8 million pounds, as sales grew strongly across emerging powers, notably in Asia.
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Vivendi&#39;s recovery is almost complete, the French media and telecommunications giant declared Tuesday, despite a massive second-quarter net loss bloated by the effects of the weaker US dollar.
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AMSTERDAM: Royal Philips Electronics NV has sold its entire 3% stake in Vivendi Universal for around 720 million euros. The transaction closed on Wednesday and is expected to result in a non-taxable gain of 300 million euros in the fourth quarter.
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Vivendi Universal raised its 2004  earnings forecast as it reported a 19 percent increase in  underlying third-quarter profit on Wednesday, driven mainly by  strong mobile phone sales.
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Vivendi Universal revealed on Tuesday the  full impact of selling most of its entertainment business, as  impairment charges incurred from the deal were largely behind a  nearly trebled first-half net loss of 1.86 billion euros ($2.28  billion.).
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French luxury group LVMH Moet Hennessy Louis Vuitton said it expected another year of significant earnings growth as it reported a 30 percent surge in 2006 net profit to 1.879 billion euros (2.5 billion dollars).
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ABN Amro Holdings, the Dutch bank, posted a 4.6 percent increase in fourth-quarter earnings on higher interest income, asset disposals and higher fees and commissions. Net profit was 1.36 billion euros ($1.76 billion), up from 1.30 billion euros a year earlier. ABN predicted earnings per share in 2007 of at least 2.30 euros ($2.98), apart from any asset sales, which would be a step back from the 2.50 euros ($3.24) it earned in 2006, but above the 2.02 euros per share it earned in 2006 excluding certain items. The 2007 growth is âto be achieved mainly by improving our operating performance,â the chairman, Rijkman W. J. Groenink, said in a statement. He said the company expected to grow in Asia, Brazil and Italy. Operational improvement in mature markets like the Netherlands and in the United States, where ABN Amro operates LaSalle Bank in the Midwest, would come from cost-cutting.
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Vivendi Universal raised its 2004 earnings forecast as it reported a 19 percent increase in underlying third-quarter profit on Wednesday, driven mainly by strong mobile phone sales.
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Sara Lee Corp. reaffirmed its forecast for fiscal full-year profit of $1.61 to $1.71 a share. That includes first-quarter profit of 39 cents to 44 cents a share.
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Air France-KLM has said it was set for healthy results in the 2006-2007 financial year after reporting that third quarter net profit had tripled to 229 million euros (299 million dollars) from the same period a year earlier.
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French telecoms and media group Vivendi   reported a 10.3 percent rise in second-quarter net adjusted   profit on Thursday as growth from games and pay-TV Canal Plus   made up for lackluster trading at mobile arm SFR.
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French media giant Vivendi Universal reported a second quarter net loss of 1.852 billion euros (2.3 billion dollars), six times larger than the 313-million-euro shortfall in the same period last year.