Mediolanum 9-mo net profit jumps 380 percent
MILAN Nov 8 (Reuters) - Italian asset manager Mediolanum said on Thursday its nine-month net profit was nearly four times higher than a year ago as it continues to attract new funds from clients in Italy and abroad despite Europe's deep financial crisis.
In a statement Mediolanum, one of Italy's biggest asset managers, said its net profit in the period stood at 291.5 million euros ($371.8 million).
Excluding a large writedown Mediolanum took on its stake in investment bank Mediobanca, the net would have risen to 357.7 million euros, the asset manager said.
Mediolanum, in which former Italian Prime Minister Silvio Berlusconi is a major shareholder, proposed the payment of an interim dividend of 0.10 euros a share. ($1 = 0.7840 euros) (Reporting By Danilo Masoni; Editing by Lisa Jucca)
- Tesla says in talks with BMW over car batteries, parts
- Iran nuclear talks extended seven months after deadline missed
- Exclusive: China ready to cut rates again on fears of deflation - sources
- Actor Dwight Henry eyed in New Orleans killing after arrest for theft
- Some fund managers see oil falling to $60 without OPEC cut