01 April 1998
Montedison profits up 64%

MONTEDISON of Italy reported annual consolidated net profits up from L298 billion to L1,490bn ($819m).

Consolidated revenues at the agro-industry and energy group for the first two months of 1998 were L3,761bn, with gross operating profits of L495bn – a 4.5% and 5.7% rise respectively on a like-for-like basis.

French foods group Eridania Béghin-Say, which is controlled by Montedison, announced a 14.7% jump in 1997 profits to FFr1.9bn ($307m)

  • Financial Times 01/04/98 page 28