RCS: it revises profit this quarter, the first time since 2012 – BBC

the RCS group, which publishes the Corriere della Sera, returns to profit after three and a half years. In the second quarter of this year it recorded a positive figure of 19.9 million compared with a loss of 60.2 million last year. In the six months the group indicates a loss of 2.1 million against 95.4 in the same period of 2015. Consolidated revenues in the first half dell’ann fell by 2.9% to 504.1 million (519.3 million in 2015). The gross margin, net of extraordinary items rose to 40.2 million (11.7 million) and non-recurring charges and income post improved to 33.9 million (4.5 million). “I am proud of the great work done in recent months thanks to the passion and commitment of all our colleagues – said the CEO Laura Cioli – We have stabilized the financial situation and assets, initiated the strategic re-launch of this historic publishing group, increased profitability from 2% to 8% in just the first half and ended the second quarter in profit, for the first time since 2012. ” The title was re-admitted to trade in Piazza Affari after a freeze. Now marks a decline of 8.75% to 0.73 euro.

All the attention, however, focused on the decisions of the advice in relation to the change of ownership. You gave it for granted, that the recent statement by Urbano Cairo – whose Opas has had the better of the consortium UnipolSai, Investindustrial, Mediobanca, Pirelli and Diego Della Valle for the conquest of historic Milan publishing house – is bound to have profound repercussions in rooms of the publishing group buttons. It was not immediately clear how they decide to move the nine councilors at the meeting. At the meeting that it is ready to convene for September Cairo will present its own list of names for the board at total break with the current formation that sees the former number one, Maurizio Costa, the presidency Laura Cioli as CEO and Gerardo Braggiotti, Paul Colonna, Teresa Crimson, Dario Frigerio, Tom Mockridge, Mario Notari and the aforementioned Simontacchi as counselors.

3 August 2016 (modified August 3, 2016 | 14:48)

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