Milan, 12 November 2004 – The Italmobiliare S.p.A. Board of Directors today examined and approved the consolidated quarterly report at 30 September 2004.
Group net income in the first nine months was 115.7 million euro, against 133.6 million euro in the year-earlier period. The prior-year figure benefited from positive non-recurring items of 43.9 million euro, while the non-recurring balance in the first 9 months of 2004 was negative at 9.7 million euro. Overall, the January-September 2004 period reflected higher profitability at Italcementi, an earnings decline at Sirap Gema and a positive contribution, if smaller than in the year-earlier period, from the main wholly owned financial companies.
Attached the full press release