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Mondadori's 9-month net profit falls 53 pct

Thu Nov 12, 2009 7:28am EST

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MILAN, Nov 12 (Reuters) - Italian publisher Arnoldo Mondadori (MOED.MI) posted a 53.9 percent fall in its nine-month net profit to 27.1 million euros ($40.6 million).

Italy  |  Cyclical Consumer Goods

The company also said it expects a significant reduction in operating profits for the full year.

Nine-month revenue fell 18.6 percent to 1.114 billion euros and gross operating profit fell 59.6 percent to 68.2 million euros.

($1=.6668 euros)

Italy
Cyclical Consumer Goods


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