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Parmalat cuts accounts 2012, the stock falls

The audit of the 2012 accounts in the light of the ruling on the Centrale del Latte drags down Parmalat's stock – Positive indications from the quarterly accounts: profit +67% to 55,8 million euros.

Parmalat cuts accounts 2012, the stock falls

Negative morning on the Stock Exchange for Parmalat shares, which lost 1,47% on Piazza Affari at 2,276 euros per share, dragged down by the 2012 cut in accounts approved last Friday by the Board of Directors in the light of the Rome court ruling on the Central Milk.

Group consolidated net profit for 2012 was more than halved compared to previous accounts, from 175,2 million euros to 80,1 million. The dividend has also been reduced, to 0,013 euro per share against the 0,039 of the previous proposal.

Positive indications, for Parmalat, instead come from the quarterly accounts, which recorded a profit of 55,8 million euros, up 67,1% on an annual basis, while revenues increased by 12,6% to 1,23 billion. The gross operating margin increased, +26,3% to 94,8 million. Net financial resources decreased compared to 31 December 2012, going from 809,8 million to 769,1.

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