Earnings before taxes and minority interest reached Lire
5% to Lire
, 40,747 million in the first quarter of 1995 from Lire
32,992 million in the same period of 1994.
The Olivetti Group's net consolidated financial indebtedness at closing is expected to decrease by approximately 150 billion lire
, being the aggregate of the cash consideration from Wang and the expected Olsy Group net financial indebtedness.
Note: Luxottica Group noted that its figures in Lire
are a more accurate gauge of its results due to the distorting effects of currency translations at the average exchange rate of the periods.
The increase in profitability resulted in a lower level of debt, which declined to about 3,450 billion lire
, from 5,250 billion lire
at December 31, 1993.
Royalties rose to Lire
10,307 million from Lire
6,875 million as a consequence of the 61.
Converting Fila's consolidated results from lire
The disadvantage which we incurred through 1993 when converting our double-digit increased net income denominated in Lire
into US$, is almost over.
Gross profit in the first half of 1992 increased 25 percent to Lire
are converted at the average exchange rate for 1993's first quarter of $1 equals Lire
Earnings per ADS were Lire
1,499 equivalent to US$1.
A substantial portion of Technogenetics' borrowings are effected in Lire