Italian L'Espresso forgoes 2009 dividend.

(ADPnews) - Feb 24, 2010 - Italian publisher Gruppo Editoriale L'Espresso (BIT:ES) said its board of directors would propose not to distribute dividends for 2009, after posting a 71.8% annual slump in net profit to EUR 5.8 million (USD 7.9m).

Revenues dropped 13.5% to EUR 886.6 million.

The net profit is below analyst expectations which were for EUR 13.3 …