[Italy] Zignago Vetro: 1Q 2007 Profits 35% Higher

Italian container glass & glassware manufacturer Zignago Vetro has closed the 1Q 2007 with profit up 35.7% to EUR 3.8M on sales up 18.2% to EUR 56.8M. The consolidated comparitive figure for the 1Q 2006 includes Zignago Vetro SpA, Verreries Brosse SAS as well as the 43.5% holding in Vetri Speciali SpA acquired June 2006 by Industrie Zignago Santa Margherita SpA. Net debts as of 31 March 2007 was EUR 50.9M, an improvement of 15.8% from the EUR 60.5M at the end of December 2006.