After special charges, net income dropped nearly 45 percent for the year.

After one-time charges and gains, the loss was $134 million, or $1.11 a share.

In July 2011 he was released on bond after several charges of animal cruelty.

After charges of corruption, it moved to Honduras, ending 22 years later.

After gains and charges, profit was $:356.8 million, down 2 percent.

The income yield is only 1.42pc but his performance over the past three difficult years is exemplary, with a total return of 38pc after charges.

He resigned from the chamber on November 14, 2008 after charges of sexual harassment.

Analysts expect Olivetti to report a net loss of $81 million after extraordinary charges for the first half.

After charges this lower-volatility approach still aims to at least match inflation.

The report chided the ministry for accepting the word of policemen after such charges.