Ifil pulls back to profit in 2004 after stake sales

Newswire

MILAN, March 30 (Reuters) - Ifil , the holding company of Italy's Agnelli family, pulled back to profit in 2004 as capital gains on asset sales outweighed the on-going struggles of its main holding, industrial group Fiat . Ifil, which owns 30.4 percent of Fiat, posted a net profit of 119 million euros on Wednesday against losses of 45 million in 2003 and 367 million in 2002, when Fiat slumped to a record net loss of 4.3 billion euros. In a statement, Ifil said it would pay a dividend of ...

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