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Italy's IFI Q1 profit up 30 pct

MILAN, May 15 (Reuters) - Italy's Istituto Finanziario Industriale (IFI) , parent of the holding company behind automaker Fiat , posted a 30 percent quarterly profit rise on Tuesday, in line with gains at the holding. IFI said in a statement its consolidated group net profit totalled 54.2 million euros ($73.41 million) in the first quarter against 41.5 million euros for the period a year earlier.