Italy’s Anima Holding Q1 net profit, revenue top expectations

May 6 (Reuters) – Italian asset manager Anima Holding beat forecasts on Monday with strong growth in both net profit and revenue in the first quarter.

Group’s net profit surged 75% year-on-year to 52.9 million euros ($56.96 million), beating analysts’ forecasts of 50-51.3 million euros.

Revenue rose 51% over the same period to 121.9 million euros, topping expectations of 114-114.5 million euros, mainly thanks to higher performance fees.

($1 = 0.9287 euros) (Reporting by Alberto Chiumento Editing by Mark Potter)

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