[Italy] Zignago Santa Margherita Posts Eur 10M First Half 2004 Net Profit

Italy's Industrie Zignago Santa Margherita SpA, which manages a diversified portfolio of companies involved in the production of glass containers, fine wines and linen yarns, posted a net profit of EUR 10.1m ($12.3M) for the first half of 2004, flat on the same period of 2003. The company's board of directors approved the balance sheet at a meeting on 13 September. Consolidated pre-tax profit was EUR 20.4M ($24.9m), up 4.7% year-on-year. Operating profit increased 1.8% to EUR 18M. Consolidated turnover for the group rose 2.5% year-on-year to EUR 136.1M. Turnover generated abroad was EUR 51.4M (EUR 50.7m).