Exor Swung to Net Loss in 2020
25 März 2021 - 7:00PM
Dow Jones News
By Cecilia Butini
Investment company Exor NV said Thursday that it swung to a loss
in 2020 due to lower results from operating subsidiaries as it took
a hit from the coronavirus pandemic.
Exor posted a net loss for the year of 30 million euros ($35.4
million) compared with a net profit of EUR3.05 billion the year
prior.
Net asset value rose on-year to $29.50 billion, from $26.16
billion as of Dec 31, 2019, Exor said.
The company also said its board of directors has put forward a
proposal to approve the payment of a EUR0.43 dividend, for a total
of about EUR100 million. This is unchanged from the dividend paid
for 2019.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
March 25, 2021 13:45 ET (17:45 GMT)
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