French telecoms and media group Vivendi Universal reported adjusted net income of EUR2.078 billion (USD2.48 billion) in 2005, up 55% year-on-year, on revenues of EUR19.484 billion and operating profit of EUR3.746 billion, up from EUR17.883 billion and EUR3.233 billion respectively. The net adjusted figure strips out the impact of disposals, acquisitions, interest, taxes and some nonrecurring items.
Vivendi, which runs one of France’s largest mobile operators, SFR, Maroc Télécom in Morocco and Universal Music, offered an increased dividend on the higher than expected earnings, and forecast that net adjusted profit would rise between 11% and 13% in 2006. SFR reported operating profit of EUR2.422 billion, up 3.9% compared with 2004, thanks to a 6.9% increase in network revenues. Maroc’s operating profit stood at EUR762 million, an increase of 15.1% on 2004.