ITALY: Benetton Off To A Flyer
Italian fashion group Benetton said on Tuesday its first quarter net profit rose to 19.1 million euros from 18 million euros in the year-ago period which also included extraordinary costs of five million euros. In a statement, the company said revenues in the 13-week period fell to 446.8 million euros from 464.7 million euros, with income from its sports division hit by lower sales of in-line skates.