Piaggio 1Q Sales Up 19.8%

Italy’s Piaggio & Co. SpA closed its first quarter March 31 with a consolidated net profit of Euro 10.2 million, up from a loss of Euro 10.9 million for the same three-month period in 2005. First quarter consolidated sales were Euro 374.2 million, up 19.8 percent from sales of Euro 312.3 million for the same period last year.
Company officials said growth in net sales arose mostly from motorcycle sales in the United States and India.

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