Vivendi posts rise in Q1 net asset value

(Sharecast News) - French media group Vivendi on Monday reported a 7.8% jump in net asset value to €5.2bn in the quarter to March 31 compared with the previous three months.

The company, publishing quarterly revenues for the first time since its break up last year, said sales came in at €64.9m, down from €69m while net debt fell to €1.7bn from €2bn at the end of December after it sold most of its stake in Telecom Italia to Poste Italiane.



Reporting by Frank Prenesti for Sharecast.com