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Veolia 9-Month Operating Profit Down 6.3%

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Veolia Environnement SA (NYSE: VE) reported a 6.3% decline in its 9-month operating profit.

Veolia's earnings before interest, taxation, depreciation and amortization dropped to EUR1.95 billion, from EUR2.08 billion, in the year-ago period. However, analysts were expecting EBITDA of EUR1.91 billion.

Its earnings before interest and tax declined 24.8% to EUR840.9 million from EUR1.12 billion, versus analysts' estimates of EUR819 million.

Veolia's revenue rose 1% to EUR21.6 billion from EUR20.91 billion.

Veolia shares closed at $9.90 yesterday.

Posted-In: operating profitEarnings News


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