MILAN (AFX) - Compagnie Industriali Riunite SpA said first-half net profits rose to 62.7 mln eur from 37.5 mln, thanks to an improvement in profits at its operating companies and capital gains deriving from the sale of stakes in hedge funds.
The holding company's publishing unit Editoriale L'Espresso SpA booked a first-half profit of 54.8 mln eur, in line with the previous year, while the energy unit Sorgenia saw its net profit rise to 37.0 mln from 19.9 mln.
The components unit Sogefi SpA increased net profit to 27.5 mln eur from 22.0 mln and the healthcare unit HSS booked a loss of 1.1 mln, against 1.0 mln a year earlier.
CIR said it expects an increase in its full-year net profit stemming from recurrent activities compared with 2005. philip.webster@afxnews.com pw/rw COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
© 2006 AFX News
