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SKI

Italy’s Origone sets new ski speed record

Italian Simone Origone on Friday bettered his own world speed skiing record when he raced to a top speed of 252.632km per hour (156.978mph).

Italy's Origone sets new ski speed record
Italian Simone Origone during a speed skiing competition in 2009. Photo: Gerard Julien/AFP

Origone's eye-watering effort down the specially groomed Chabrieres piste in the French resort of Vars bettered his previous best of 252.454 kph set in March 2014.

Windy conditions forced the 35-year-old to reduce his start by 25 metres from the optimal peak of Chabrieres, which has a 98 percent gradient at its steepest point.

Origone had already clocked the third fastest time ever, 251.397 km/h, on Thursday.

Later Friday, France's Edmond Plawczyk set a new world speed record for the snowboard of 203.275 kph.

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CARS

Ferrari races towards record annual profit

Italian sportscar maker Ferrari said on Tuesday it was headed for a record net profit this year after posting its best-ever quarterly results.

Ferrari races towards record annual profit
Italian carmaker Ferrari is set to rake in record profits this year. Photo: Jewel Samad/AFP

“A record second quarter, on the way to another record year,” the luxury automaker said in a brief statement.
   
Net profit grew 29 percent in the three months to June to €97 million ($88.6 million) on sales of €811 million, up 5.9 percent.
   
The results beat forecasts by analysts who had been looking for net profit of €85 million euros and sales of €785 million, according to consensus data compiled by Factset.
   
Ferrari delivered 2,214 cars in the second quarter, up eight percent from the year-earlier period.
   
Unit sales to China alone rose by 26 percent, to 160.
   
Ferrari is now looking to sell more than 8,000 vehicles over the full year and to generate sales of more than three billion euros.
   
Ferrari shares, which had been trading lower in Milan ahead of the announcement, were up 1.7 percent at €41.17 in late afternoon, bucking a sharply weaker overall market trend.