MILAN Nov 8 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
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)