Veolia Posts Rise In H1 Profit

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Veolia Environnement SA
VE
reported a surge in its first-half profit. Veolia also announced its plans to pay a dividend of EUR0.7 per share for the year. The French water and waste group posted a net profit of 151.1 million euros ($199.57 million), versus EUR800,000 in the year-ago period. Its adjusted net income came in at 187 million euros. Its revenue climbed 1.4% to EUR11.23 billion. Its sales from energy services dropped 10%. For 2015, the company expected revenue to rise more than 3% and adjusted EBITDA to gain more than 5%. Veolia confirmed its earnings forecast. Veolia shares gained 0.88% to close at $18.39 yesterday.
Posted In: EarningsNewsprofit
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