Market Overview

Veolia Posts Rise In 2011 Revenue

Veolia Environnement SA (NYSE: VE) swung to a loss in 2011.

Veolia posted a net loss of EUR489.8 million, versus a profit of EUR558.5 million in the year-ago period. Analysts were expecting a profit of EUR106.8 million.

Veolia's revenue surged to EUR29.65 billion from EUR28.76 billion. Its earnings before interest, taxes, depreciation and amortization dropped 14% to EUR3.15 billion from EUR3.66 billion.

Veolia announced its plans to pay a dividend of EUR0.70 per share for 2011 and 2012.

Veolia shares gained 8% to $13.10 in pre-market trading.

Posted-In: EarningsEarnings News Dividends

 

Most Popular

Related Articles (VE)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free