Italian Sea Group's nine-month net profit falls 56%

(Reuters) -Luxury yacht maker Italian Sea Group's net profit for the first nine months of the year slumped by 56% year on year to 16.6 million euros ($19.36 million), it said on Wednesday.

The company also posted a 15% drop in core profit to 42.6 million euros but said that its annual earnings guidance remains unchanged.

($1 = 0.8575 euros)

(Reporting by Laura ContemoriEditing by David Goodman)