French TV company Banijay posts higher Q1 sales and profits

　　PARIS Reuters – French TV production company Banijay, which is set to list on the stock market, reported on Friday higher first quarter sales and profits compared to a year ago.

　　The companys first quarter revenues rose to 677 million euros 704.4 million from 544 million a year earlier, while it posted a profit of 12 million euros compared to a loss of 21 million last year.

　　Banijay will go public through a merger with a blankcheck acquisition firm backed by LVMH luxury goods billionaire Bernard Arnault, in a deal worth more than 4 billion euros.