Saturday, February 19, 2011

Fiat closed 2010 with 2.2 mln profit

Yesterday in Turin, met on the board of Fiat, which approved the consolidated financial statements of the Group (before the company split). The company closed last year with a profit of EUR 2.204 billion euro (of which 1.112 million euro for the Fiat Group spin-off and 1,092 million euro for Fiat Industrial).

Net income was stated instead of 600 million euro. In 2009, profit from ordinary activities was € 1.058 billion (EUR 736 million and € 322 million), while net income was a loss of 848 million euro. Looking closely at the numbers then there is an obvious leap to the Lingotto recorded a net increase of one billion euro (1050 to 2204 million in fact).

As usual, the board of directors has resolved to propose to the shareholders a dividend of 0.09 euro per ordinary share, EUR 0.31 per preferred share and 0.31 euro per savings share, totaling 155 million € and will be distributed starting next April 21.

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