Agence France-PresseFebruary 25, 2014 10:13
Media and telecom group Vivendi reported a profit leap for 2013 on Tuesday but this was boosted by an asset sale, and the troubled SFR mobile-phone unit held the results back.
Net profit rose 11-fold for the 2012 figure to 1.967 billion euros ($2.7 billion).
This was inflated by a capital gain from the sale of most of video-game maker Activision Blizzard, which produces "World of Warcraft" and "Call of Duty".
But against this, the French group made a writedown for part of the value of SFR, and underlying operating profit fell heavily.