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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Ferrari NV | NYSE:RACE | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
5.76 | 1.38% | 421.70 | 424.40 | 419.86 | 423.29 | 75,723 | 16:03:37 |
By Kim Richters
Investment company Exor NV said late Wednesday that net profit for 2019 jumped, and it proposed to pay the same dividend as a year earlier.
Exor, which controls Ferrari NV and Fiat Chrysler Automobiles NV, said net profit for the period rose to 3.05 billion euros ($3.30 billion) from EUR1.35 billion a year earlier.
Profit was boosted by a EUR1.08 billion net gain from the sale of Fiat Chrysler subsidiary Magneti Marelli and "improvements in the overall performance of the subsidiaries."
Net asset value increased to $26.16 billion as of Dec. 31, up from $19.74 billion a year earlier.
The company proposed a dividend for 2019 of EUR0.43 per share, unchanged from the previous one.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
March 26, 2020 03:00 ET (07:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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