Mediolanum 2012 net rises five fold to historic high
MILAN, March 21
MILAN, March 21 (Reuters) - Italian asset manager Mediolanum said on Thursday its net profit last year rose more than five-fold thanks to commissions, performance fees and asset revaluations.
In a statement Mediolanum said its 2012 net profit was 351 million euros ($454.65 million), up 422 percent on the previous year, the best result in its history.
It said the results also included a 63 million euro write-down on its stake in investment bank Mediobanca.
Mediolanum, one of Italy's biggest asset managers, said it would pay a dividend of 0.18 euros per share. ($1 = 0.7722 euros) (Reporting By Stephen Jewkes, editing by Danilo Masoni)