Italian bank UniCredit, in the midst of a
massive overhaul, said on Thursday that its net profit rose modestly in the
second quarter, beating expectations.
UniCredit, Italy's largest bank, said on Wednesday its net profit soared 75 percent to €916 million ($1.0 billion) on increased revenues and cost cutting measures.
Italian luxury sports car maker Ferrari said on Monday it clocked up its best profits ever in the first quarter, setting it up for record earnings for the full year 2016.
Italian luxury sports carmaker Ferrari announced on Tuesday an increase in its net profit last year, but investors dumped its shares after being spooked by its debt and disappointed with the 2016 outlook.
Italian-American carmaker Fiat Chrysler Automobiles (FCA) said on Wednesday it made a net profit of €377 million ($410 million) last year, a 40 percent drop from 2014.
UniCredit returned to profit in 2014, netting €2.0 billion $2.26 billion, Italy's largest bank said on Wednesday, while touting it had stepped up lending to households and small businesses.
Italy's oil and gas giant Eni achieved a 2.5-percent rise in net profit in the third quarter, it said on Thursday despite a drop in production and falling oil prices.
Italian industrial and aerospace giant Finmeccanica on Tuesday reported a €12 million($17-million) first quarter
loss compared to a €6.0 million profit a year earlier due to European and US defence cuts.
Luxottica, the Italian group that owns high-end eyewear brands Ray-Ban and Oakley, said on Thursday it made a net profit last year of €544.7 million on sales of €7.3 billion.
