By Mauro Orru

 

Exor NV posted a lower net profit for the first half of the year due to the performance of subsidiaries and associates in which it invests.

The investment company said Wednesday that net profit for the six months ended June 30 slipped to 265 million euros ($262.5 million) from EUR838 million last year.

The company's net asset value fell to EUR25.51 billion at the end of June from EUR31.07 billion at the end of December 2021.

Exor recently transferred the listing of its ordinary shares to Euronext Amsterdam from Milan.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

September 07, 2022 13:15 ET (17:15 GMT)

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