MILAN, Feb 19 (Reuters) - Italy’s Poste Italiane said on Monday net profit rose nearly 11 percent last year to 689 million euros, just above analyst expectations.
The state-controlled behemoth, which makes the bulk of its profit from selling insurance services, said an increase in premiums supported sales last year.
In 2017 - a year of transition for the group - revenue came in at 33.4 billion euros, up 1 percent year-on-year.
The group, which is due to present its new business plan on Feb. 27, said it will pay a dividend of 0.42 euros per shares on the results. (Reporting by Francesca Landini, editing by Giulia Segreti)