Italian textile, wine and glass group Industrie Zignago Santa Margherita SpA has appointed Stefano Marzotto as chairman of the board of directors.
The decision emerged from the shareholders“ meeting…
Italian textile, wine and glass group Industrie Zignago Santa Margherita SpA has appointed Stefano Marzotto as chairman of the board of directors. The decision emerged from the shareholders“ meeting, held in Fossalta di Portogruaro, northern Italy, on 21 September 2005. Zignago posted a consolidated net profit of EUR 11.4 million (USD 13.8 million) for the 1H of 2005, up 12.6% year-on-year, it was reported on 9 September 2005. The group“s revenue fell 3.0% to EUR 132.1 million (USD 160.7 million). Earnings before interest, tax, depreciation and amortisation (EBITDA) fell 11.3% to EUR 30.2 million (USD 36.7 million), while operating profit went down 19.9 % to EUR 14.5 million (USD 17.6 million).