20 January 1999
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)