Poste Italiane posts best-ever profit for first nine months of year

Poste Italiane reported a record adjusted net profit of 1.88 billion euros for the first nine months of the year, with a third-quarter income of 629 million euros, both reflecting a 4% increase from last year. The state-controlled company, which has diversified into banking, insurance, and energy, recently acquired TIM, expecting synergies worth at least 0.7 billion euros from this takeover.