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Newswire

Exor 2013 profit jumps, boosted by SGS stake sale

MILAN, April 9 (Reuters) - Italian holding company Exor said on Wednesday its consolidated group profit last year rose to 2.08 billion euros ($2.87 billion) from 298.3 million euros, boosted by gains realised on the sale of its stake in Switzerland's SGS.

"At the consolidated level, the year 2014 will show a profit which, however, will largely depend upon the performance of the principal subsidiaries and associates," the company added.

Exor, run by a scion of carmaker Fiat's founding Agnelli family, said its net asset value stood at 8.85 billion euros at the end of 2013, up from 7.62 billion euros twelve months before.

The group proposed to pay a dividend of 0.3350 euros per share. ($1 = 0.7249 Euros) (Reporting by Agnieszka Flak, editing by Danilo Masoni)