Montedison lifts profits by 12% - farmers weekly
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31 March 1999 MONTEDISON LIFTS PROFITS BY 12% MONTEDISON, the Italian agro-industrial group at the centre of market takeover speculation, reported a 12% rise in 1998 pre-tax profits to
L1,668bn ($925m). Sales rose 5% to L 24,870bn and group net profits totalled L656bn compared with L1,490bn the year before. The companys 1997 profits included a special gain of L 1,000bn
from the sale of Montedisons 50% stake in the Montell chemicals venture to Royal Dutch/Shell. _ * Financial Times 31/03/99 page 29 (News Digest) _