Sace board approves company's half-year results

(AGI) Rome, July 22 - The Sace board of directors, under theleadership of CEO Giovanni Castellaneta, announced on Tuesdayit has approved the company's half-year results to June 30,which show net profits of 212.4 million euro, a 32 percentdrop. Results mainly concern financial management, which areaffected by a reduction in interest rates and share performancein their portfolio. The performance of shares held and thereduction of the company's net assets from 5.9 billion euro to4.8 billion euro are due to 1 billion euro dividendsdistributed to shareholders in December. (AGI) . .

(AGI) Rome, July 22 - The Sace board of directors, under theleadership of CEO Giovanni Castellaneta, announced on Tuesdayit has approved the company's half-year results to June 30,which show net profits of 212.4 million euro, a 32 percentdrop. Results mainly concern financial management, which areaffected by a reduction in interest rates and share performancein their portfolio. The performance of shares held and thereduction of the company's net assets from 5.9 billion euro to4.8 billion euro are due to 1 billion euro dividendsdistributed to shareholders in December. (AGI) . .