Exor net profit soars to 1.67 bln euros on SGS sale

Newswire

MILAN, Aug 29 (Reuters) - Italy-based holding company Exor , which controls carmaker Fiat SpA, said on Thursday its first-half net profit soared because of a one-time gain from the sale of its stake in Swiss company SGS. Net profit was 1.67 billion euros ($2.23 billion) in the first half, compared to 168.3 million euros for the first half the year before. The company's net asset value rose to 8.53 billion euros, up 913 million euros from the end of last year. ...

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