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January 30, 1997updated 05 Sep 2016 12:33pm

OLIVETTI REPORTS $500M LOSSES FOR 1996

By CBR Staff Writer

Ing C Olivetti & Co SpA late yesterday reported that its pre-tax loss for 1996 was around $500m while its annual sales fell 16% to $5.13bn. Debt at end-December was $1.39bn, down 23% on end- November.

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