- NET INCOME BEFORE MINORITY INTEREST: 208.1 MILLION EURO (+9.2%)
- GROUP NET INCOME: 77.4 MILLION EURO (-9.7%)
- CASH FLOW: 403 MILLION EURO (+4.2%)
- NET DEBT: 1,678.1 MILLION EURO (DOWN BY 332.8 MILLION EURO FROM 30 JUNE 2003)
- ITALMOBILIARE S.p.A.: NET INCOME OF 77.2 MILLION EURO (48.4 MILLION EURO)
- UNREALIZED GAINS: 981.6 MILLION EURO ON LISTED EQUITY INVESTMENTS HELD BY ITALMOBILIARE SPA
Milan, 13 September 2004 – The Italmobiliare S.p.A. Board of Directors today examined and approved the report for the half year to 30 June 2004. The first six months - compared with the first half of 2003 - saw a rise in profit margins on industrial operations at Italcementi, a slowdown in operations at Sirap Gema and a reduction in the aggregate contribution of the wholly owned financial companies as a result of trends in interest rates and stock markets.
Attached the full press release