Wires

BRIEF-Banca IFIS sees lower FY net profit due to delayed capital gain, synergies

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Nov 29 (Reuters) - Banca IFIS says:

* SEES FY NET PROFIT AT 110-130 MILLION EUROS DUE TO DELAYED SYNERGIES AS WELL AS BOOKING OF CAPITAL GAIN ON MILAN PROPERTY SALE IN 2020

* IFIS FORECAST IN FEBRUARY A 2019 NET PROFIT OF 140-160 MLN

IFIS CEO SAID IN NOVEMBER THAT THE 2019 NET INCOME WOULD BE BROADLY IN LINE WITH GUIDANCE PROVIDED IN FEBRUARY SUBJECT TO CAPITAL GAIN IN Q4 FROM MILAN REAL ESTATE DISPOSAL

* IFIS ON FRIDAY SIGNED DEAL TO SELL A MILAN BUILDING IN H1 2020 FOR 50.5 MLN EUROS Source text for Eikon: Further company coverage: (Reporting by Milan Newsroom)