The EXOR Group closed the first quarter of 2012 with a consolidated profit of €105.5 million; the first quarter of 2011 ended with a consolidated profit of €44.8 million. The €60.7 million increase stems from net improvements in the results of subsidiaries and associates (+€41 million), higher dividends collected from SGS (+€3.8 million) and other net changes (+€18.3 million), offset in part by the decrease in net financial income (expenses) (-€2.4 million).
Interim Report - 3M 2012
€ millions | 3/1/2009 | 12/31/2011 | 3/31/2012 |
---|---|---|---|
Listed Investments | 2,464 | 5,655 | 6,848 |
Private Investments | 750 | 1,201 | 1,196 |
Investment Value | 3,214 | 6,856 | 8,044 |
Financial Liabilities | (1,157) | (1,142) | (1,284) |
Financial Assets | 1,121 | 816 | 920 |
Net Financial Position | (36) | (326) | (364) |
Ordinary holding costs capitalized over 10 years | (210) | (210) | (210) |
Net Asset Value | 2,968 | 6,320 | 7,470 |