SOURCE: Industrial Info Resources

Industrial Info Resources

March 08, 2010 05:30 ET

Veolia Environnement Shows 44% Rise in Net Income, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 8, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Environmental management company Veolia Environnement (NYSE:VE) (Paris, France) recently announced earnings results from the 2009 fiscal year. Veolia's net income rose 44% from fiscal year 2008, moving from 405.1 million euros ($551 million) to 584.1 million euros ($794.5 million). In an effort to maintain stronger profits, the company is currently in the midst of a long-term restructuring program and intends to make an average of 1 billion euros ($1.36 billion) of divestments each year for the next three to five years.

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