ITALY – Dairy group Parmalat has issued a statement dismissing recent rumours that it is in financial trouble.

The company said that it continues to enjoy the financial and economic solidity as shown in its last financial results published in September 2002.

In a statement, the company insisted that the next set of results, due to be published at the end of the month, will confirm “the positive trends of the group registered in practically all countries in which the company operates”.

Parmalat’s share price has tumbled by more than 25% over the last few days, mainly due to concerns about the company’s latest