By Mauro Orru 

Exor NV has returned to profit in the first half thanks to the strong performance of companies in which it invests, as the negative effects of the coronavirus pandemic recede.

The investment company said late Tuesday that net profit came in at 838 million euros ($992.4 million) compared with a loss of EUR1.32 billion in the first half of 2020 when companies in which Exor has holdings felt the brunt of the coronavirus.

The company's net asset value climbed to EUR27.06 billion from EUR24.04 billion at the end of last year.

Exor has stakes in companies such as Italian sports-car maker Ferrari NV, the maker of Jeep and Dodge Stellantis NV, and Italian soccer club Juventus Football Club SpA.


Write to Mauro Orru at; @MauroOrru94


(END) Dow Jones Newswires

September 08, 2021 01:49 ET (05:49 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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