Ferrari reports H1 profit

Ferrari Badge

Ferrari, a subsidiary of Fiat SpA (NYSE: FIA) (ISE: IT0001976403), has reported an increase in net profit in the first half of 2012.

During the first half of 2012, the company reported net profit of €100.8m, up 10 percent over the year-ago period.

The company reported revenue of €1.20bn in the first half of 2012, up 11.9 percent compared to the same period in 2011.

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