Italy's Ifil profit soars in 2005 to 1.1 bln euros

Newswire

MILAN, March 30 (Reuters) - Holding company Ifil , controlled by Italy's Agnelli family, said on Thursday its net profit soared by 966 million euros in 2005 thanks to substantial improvements at companies in which it owns stakes. Ifil, which holds about 30 percent of Fiat , said in a statement net profit totalled 1.1 billion euros compared with 124 million euros a year earlier. It also said it would pay a dividend of 0.08 euros per ordinary share and 0.1007 euros per savings share.

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