By  on August 28, 2008

MILAN — IT Holding on Wednesday reported a net loss of 9.9 million euros, or $15.1 million, in the first half of 2008, compared with net profits of 1.7 million, or $2.2 million, in the same period a year ago.

Sales showed a 4.7 percent drop to 304.3 million euros, or $465.5 million, in the first half, compared with 319.2 million euros, or $421.3 million, in the same period last year. Dollar figures were converted from the euro at average exchange rates for the period to which they refer.

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