Italy's CIR Q1 core profit down 49 percent

Newswire

MILAN, April 30 (Reuters) - Italian industrial holding CIR posted a 49 percent fall in core first-quarter earnings, as the economic crisis took its toll on margins at its main units. Full-year results will be impacted by the recession, with the group's auto unit Sogefi particularly feeling the effect along with media unit L'Espresso , CIR said on Thursday. January-March earnings before interest, tax, depreciation and amortisation (EBITDA) fell to 59.3 million euros ($78.6 million), on ...

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