PARIS, March 4 (Reuters) - Vallourec (VLLP.PA: Quote, Profile, Research): * Vallourec 2007 net profit 986.2 bln euros vs Reuters Consensus of 1.00 bln euros * Vallourec says to propose dividend of 7 euros vs 6 euros in previous year * Vallourec says sees 2008 sales at least equal to that of 2007 on like for like basis * Vallourec announces plan to save more than 200 mln euros in costs a year
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