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Canal Plus helps Vivendi boost profit
Vivendi has improved its 2010 outlook after posting a 4% rise in first-half profit.
The French media group saw a net profit of 1.53bn in the first six months of the year, up from Â1.47bn a year earlier.
Canal Plus Group, VivendiÂs pay-TV unit, increased revenues by 3.1% to Â2.3bn. Over the past 12 months, Canal Plus FranceÂs customer base increased by 356,000 subscribers. In metropolitan France, churn rate among digital subscribers improved to 11.6%, compared to 13% at the end of June 2009. ARPU also rose by Â1.90 to Â46.30. The companyÂs efforts to digitise Canal Plus subscribers meant it had approximately just 100,000 analogue subscribers at the end of June 2010.
In Poland, Canal PlusÂs EBITA was Â486m, a 3% year-on-year increase.
VivendiÂs French telco SFR posted first-half revenues of Â6.3bn, up 1.8% year-on-year. It ended June with 4.7 million broadband customers after adding 238,000 customers during the first six months of the year.