Arab Today, arab today veolia reports profit fall but shares surge
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Veolia reports profit fall but shares surge

Arab Today, arab today

Arab Today, arab today Veolia reports profit fall but shares surge

Paris - AFP

Utilities group Veolia Environnement reported a 25-percent fall in operating profits over the first nine months of the year on Wednesday but this was better than expected and its share price jumped 6.47 percent. The French group is a world leader providing water services and is a global player in waste management and public transportation. It reported that trading by the water and waste divisions remained sluggish as in the first six months but that overall sales in the nine months rose by 3.0 percent to 21.6 billion euros ($27.7 billion). Recurrent operating profit fell by 25.0 percent to 841 million euros. The price of shares in the group was showing a gain of 6.47 percent to 8.109 euros. The overall market as measured by the CAC 40 index was showing a gain of 0.56 percent in mid-day trading. Analysts polled by Dow Jones Newswires on average had expected sales to fall by 2.0 percent and operating profit to fall by 27.0 percent. The group is heavily indebted and borrowings rose to 15.2 billion euros from 14.7 billion euros at the end of 2011. Chief executive Antoine Frerot said that several actions to reduce debt should be completed by the end of the year and would reduce borrowings by 2.5-3.0 billion euros in the fourth quarter. For the whole 2012-2013 period, the group said that it would sell assets to raise 5.0 billion euros and reduce debt to less than 12.0 billion euros next year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today veolia reports profit fall but shares surge Arab Today, arab today veolia reports profit fall but shares surge

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today veolia reports profit fall but shares surge Arab Today, arab today veolia reports profit fall but shares surge

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday