Co-ops net more from investment

(ANSA) - Milan, December 18 - Italian cooperatives earned more in 2013 from financial activity than they did from retail sales, Mediobanca's research and study institute said Thursday. Last year financial operations by Italy's major co-ops - which have investments worth 12.2 billion euros - netted 210 million euros, compared to the 47.1 million euro profit margin resulting from their core retail business, Mediobanca R&S said.