PARIS (dpa-AFX) - Resource management firm Veolia Environnement S.A. (VE) Thursday reported first-half profit which increased, due mainly to revenue growth and lower finance costs.
For the six months to June, net earnings attributable to the owners of the company totaled 151.1 million euros, up from 0.8 million euros a year earlier. Per-share earnings were 0.15 euro, compared with a per-share loss of 0.03 euro a year ago.
Prior-year results have been restated to present retrospectively discontinued operations being divested and those already divested.
Half-year revenue increased by 1.4 percent to 11.23 billion euros from 11.07 billion euros a year earlier. At constant currency, revenues increased by 3 percent.
The company confirmed its annual guidance for significant adjusted earnings growth as well as revenue growth.
Copyright RTT News/dpa-AFX