MILAN, Sept 7 (Reuters) - Exor, the holding
company of Italy's Agnelli family, said on Tuesday it turned to
a profit in the first half of this year, thanks to the strong
performance of the companies it has invested in.
Exor said its consolidated profit totalled 838 million euros
($993 million) in the January-June period, despite a 504 million
euro non-recurring loss linked to the deconsolidation of Fiat
Chrysler, following its merger with PSA to form Stellantis
This compares with a 1.318 billion loss in the first half of
last year, mainly attributable to the COVID-19 pandemic.
Exor is the single largest investor in carmaker Stellantis
and has controlling stakes in Ferrari, CNH Industrial
and Juventus football club.
It said its net asset value rose 9% in the first half, to
$32.158 billion at the end of June.
($1 = 0.8441 euros)
(Reporting by Giulio Piovaccari; Editing by Richard Chang)