Exor Swung to Loss in 1st Half on Pandemic Hit
04 September 2020 - 3:51PM
Dow Jones News
By Giulia Petroni
Exor NV said late Thursday that it swung to a loss in the first
half of the year due to the effect of the coronavirus pandemic and
the performance of its subsidiaries.
The investment company, which controls Ferrari NV and Fiat
Chrysler Automobiles NV, said it registered a net loss of 1.32
billion euros ($1.56 billion) in the period from a profit of
EUR2.43 billion the previous year.
Net asset value decreased to EUR18.71 billion as of June 30 from
EUR23.28 billion at Dec. 31.
Looking ahead, Exor said it isn't able to reasonably estimate
the effect of the pandemic on its operations and results of its
operating subsidiaries due to the uncertainty of the current
environment and future developments.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 04, 2020 01:36 ET (05:36 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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