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Italian Manni Group’s 2011 net profits slump by 49.4% y-o-y
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Manni Group, an Italian national and international leader in the steel sector released its financial report for 2011.
The company realized sales revenues of €541.21 million in 2011, rising by 6.4% year on year; however, it EBITDA decreased by 14.2% to €18.85 million and its net profits slumped by 49.4% to €3.5 million.
Manni Group stated that its net profits slumped in 2011 due to debt crisis in euro zone and the global weak economy.
News Date
6/8/2012 1:45:51 PM
reported by
Nann Cheng
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