MONTEDISON'S AGRIMONT UNIT 1986 EARNINGS
<Montedison SPA> of Italy said net
consolidated profit for its Agrimont Group, formed in June
1986, totalled 1.5 billion lire in 1986.
    Agrimont SPA, the holding company for Montedison's
Agro-Industrial businesses, had sales of 810 billion lire and a
net profit of about 1.1 billion lire, after amortization costs
of 35 billion lire and a 13 billion lire reduction in the value
of inventory due to falling market prices, Montedison said.
    Agrimont, still wholly owned by Montedison, is taking steps
to be traded on the Milan exchange, the company said.
    The company said that 1986 was characterized by an unstable
fertlizer market due to the weak dollar and the decline of
international prices for products sold in Europe and the U.S
where Agrimont operates through its Conserv division.
    In pesticides and in animal health care products Agrimont
maintained its previous level of revenues and market share in
1986, Montedison said.
    Montedison said it named Ettore dell'Isola to the newly
created position of president of Agrimont.
    Montedison also said it named Renato Picco, managing
director of <Eridania SPA> and Gianfranco Ceroni, managing
director of <Italiana Olii e Sifi>, both of whom are members
of the the Ferruzzi Group's management board, to Argimont's
board of directors. Ferruzzi owns about 40 pct of Montedison,
the company said.
    
 Reuter
