Mediobanca Reports 56% Decline In Q1 Net Profit

Mediobanca SpA

reported a 56% decline in its first-quarter net profit. Mediobanca's quarterly net profit fell to EUR56.8 million, from EUR127.6 million, in the year-ago period. Mediobanca's quarterly net interest income climbed 7.5% to EUR281.8 million from EUR262.1 million.