Posts Tagged taxes

Check Eni showdown by trimestali

In the stormy seas of the current round of quarterly, which issues tomorrow Saipem, Snam Rete and Italgas should be a happy landing. Think and Francesco Rinaldi, an at Banca Sella Group, which does not provide negative surprises for the subsidiaries of the energy giant. “Saipem enjoys the excellent time of search and drilling for crude , profitable at these levels,” says the . “After the acquisition of Bouygues Offshore production capacity will further increase the group’s unique technologies and expertise (in research at large sea depths) guaranteeing a captive .” For Snam Rete and Italgas surprises should arrive dall’Authority for energy. “Snam Rete benefits from the close of the controversy on environmental taxes Sicilian at worst (which is unlikely) or that the tax is held to be legitimate, the body thinks adjustment to an increase in fares that will neutralize the effects of Balzello accounts. Snam also retrieve what has been paid to the Region with special status, “adds Francesca Rinaldi. Good news for Italgas with the authority to revise the energy to society the mechanism for calculating rates istribution, disputed earlier by the with a complaint at the administrative justice. Possible recovery of about 70 million for 2001 and 42 million for the first half of 2002, will be granted if the retroactivity of the measure. For the led by Alberto Meomartini approaches also the conclusion of each blue, the phone owns 9%. The only problem is represented by the liquidation of the , which is included in the budget Italgas for 23 million .

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Merloni, downgrade Eptasim

The excellent quarterly Merloni does not heat the title (+0.3%), which remains in the area 10.20 . Fabriano has achieved in the first three months of the year a turnover of 495 million , an increase of 15%, operating margin was up 48% to 29 million, while earnings before taxes ( +66%) has reached 26 million . Be noted that these results were achieved without consolidating the UK Hotpoint, recently acquired by Merloni. Today Eptasim analysts have lowered the on the title, from “buy” to “neutral”.

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Coin, gross profit +37%

The Coin Group has closed on 31 January 2000, the annual statements with a positive result before taxes of 42.8 billion lire (+37% compared with 31.2 billion in ‘98) . Operating income was positive for 25.9 billion, +63% compared to 15.9 billion in ‘98. Gross operating margin increased to 99 billion from the previous 73.4 billion, and as a percentage of sales to 6.3% from 5.3% thanks to improved margins on goods, the statement said. Extraordinary items are presented negative 34.5 billion and 64.1 billion to cover costs incurred in the integration and conversion shops Standa. Consolidated net revenues of Gruppo Coin SpA have reached 2337 billion, an increase of 60.4% over the previous year.

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The first three months of Mediobanca

“The ordinary operations will count in the final quarter on a dividend stream in the order of 220 billion for the full year should produce a result in line with that of last year” is what’s in Quarterly to 31 March disseminated today by the Institute. Last week, Mediobanca had reported a forecast period (from April to December) a consolidated before taxes of 491.4 billion lire and a gross from ordinary activities of 465.6 billion. The shows the Significant movements in the securities of the parent, including the purchase of 1.564 million shares of Generali shares Italmobiliare 13.1 billion and 12 billion shares Burgo. The title of Mediobanca is currently earning 0.6%.

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Bad quarter for Air France

quarterly negative for the giant French aircraft. Over the past three months, Air has recorded a net of 88 million , down from 163 million the same period of 2000 while operating before interest and taxes (EBIT) reached the 72 million (previous 231 mln), worse than analysts’ expectations. In October, passenger traffic was down 10.1% year on year but in early November, the decline on an annual basis was reduced to 8%.

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Saiag: profit falls for the crisis Argentina

In the first six months of this year Saiag recorded a consolidated turnover of 622 billion lire, against 601.7 billion in the first half of 2000 (+3.4%). The EBITDA of the Group grew by 8, 3%, reaching 53.5 billion, while operating was EUR 29.8 billion, against 28.5 billion the previous half year (+4.6 %). At the extraordinary half was penalized for 17.5 billion from the exceptional losses of Comital Convert, shared Comital of Argentina, following the serious crisis that weighs on the country. before taxes, primarily as a result of those extraordinary expenses, amounted to 0.4 billion, compared to 20.6 in the same period of 2000, while net of the minority interests is 0.5 billion against 12.7 billion. Pre-tax profits of the parent is 1.1 billion against 0.8 billion in the first half of 2000.

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Printing Publishing returns to profit

Editorial Poligrafici in the first nine months of 2000 recorded a before taxes of 45.1 billion lire. In the period from the month of January to September but the had ended with a loss of 1.1 billion lire. The improvement is due to increased advertising sales, restructuring of the group and gains realized from the sale of some holdings.

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