MPS Leasing and Factoring has revealed its results for Q1 of 2005 as showing a profit of €3.3 million. Factoring operations produced a €1.253 million turnover, reflecting a 4.4 per cent increase, compared with the same period last year. According to Massimo Bernazzi, whose leadership of the board was confirmed today until 2007, "the transition phase is now behind us, which, especially due to the market trends, had advised cautious earmarking margins, in the first part of the year the intermediation margin caught up, increasing budget expectations." Massimo Caputi was appointed vice president. The councillors are Giacomo Brogi, Gianni Castagnini, Franco Guerri, Fulvio Mancuso, Giuseppe Menzi, Roberto Menchetti, Sigilfredo Montinari, Moreno Periccioli, and Roberto Rossi. Source: AGI
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