MILAN (Reuters) - Italian dairy group Parmalat (PLT.MI: Quote, Profile, Research) reported an 18 percent drop in net profit to 90.2 million euros.

Italy's biggest listed food group said in a statement earnings before interest, tax, depreciation and amortisation (EBITDA) fell 15 percent to 63.9 million euros. Sales rose 6.7 percent to 926.9 million euros.