Pirelli’s January-September 2016 net income down 94% y/y to USD18.7 million
Company’s net income was affected by higher financial expenses
Pirelli’s net income dropped by 93.8% year-over-year (y/y) to EUR16.7 million (USD18.7 million) in the nine-month period ended 30 September 2016 due to sharp increase in financial expenses compared with a year earlier, the Italy-based tire-maker said in a press release on 16 November.
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