Montedison profits decline
MONTEDISON, the Italian agrochemical and energy group, reported lower 1998 group net profits of L605 billion (£219m), compared with L1490bn in 1997.
But group net profits rose by about 23% if substantial extraordinary gains in 1997 are stripped out.
Consolidated group sales rose 5.2% to L24,900bn last year.
- Financial Times 20/01/99 page 27 (News Digest)