Italy's Ifil nearly doubles profit in 2007

Newswire

MILAN, March 28 (Reuters) - Ifil , the holding company behind Fiat , posted on Friday a near doubling of its consolidated net profit to 671.7 million euros for 2007, mainly thanks to the recovery of the Italian industrial group. Ifil, the investment vehicle of the Agnelli family, which founded Fiat more than 100 years ago, also said in a statement it expected its results to improve this year. Its board would propose a dividend of 0.10 euros per ordinary share, the same as last year, at ...

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