Italia loses on operations, gains on revenue
ITALIA di Navigazione has recorded an operating loss of lira 29
billion (US17 million) for 1997, compared with a loss of lira
14 billion the previous year.
However, the state-owned Italian shipping line and sister company
of Lloyd Triestino reported a net profit of lira 2 billion in
1997, while only breaking even in 1996. Last year's profit was
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