Poste first-quarter EBIT drops 29%, won't give 2020 forecasts due to virus
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MILAN (Reuters) - Italian postal service operator Poste Italiane on Wednesday said operating profit dropped 29% year-on-year in the first quarter as the coronavirus crisis hit revenue and increased costs at the state-controlled conglomerate.The group -- which includes its insurance and financial divisions, the traditional mail and parcel business and a digital payments unit -- said it was not possible to give realistic forecasts on 2020 results due to the virus. Poste said earnings before..