Veolia Posts Rise In H1 Profit

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Veolia Environnement SA (NYSE: VE) reported a surge in its first-half profit.Veolia also announced its plans to pay a dividend of EUR0.7 per share for the year.The French water and waste group posted a net profit of 151.1 million euros ($199.57 million), versus EUR800,000 in the year-ago period. Its adjusted net income came in at 187 million euros.Its revenue climbed 1.4% to EUR11.23 billion. Its sales from energy services dropped 10%.For 2015, the company expected revenue to rise more than 3% and adjusted EBITDA to gain more than 5%.Veolia confirmed its earnings forecast.Veolia shares gained 0.88% to close at $18.39 yesterday.

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