Montedison lifts profits by 12%

Montedison lifts profits by 12%


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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.