MILAN (AFX) - IFIL SpA said its third quarter net profit fell to 81.5 mln eur from 291.7 mln a year earlier due to a drop in the profits of its affiliate Fiat SpA.
Fiat's third quarter net profit fell to 195 mln from 818 mln a year earlier, which benefited from non-recurrent capital gains.
IFIL said it expects its full year net profits to be lower than in 2005, which was bloated by capital gains booked by IFIL and Fiat. philip.webster@afxnews.com pw/cml COPYRIGHT Copyright AFX News Limited 2006. 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
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