Turin, April 8 - Fiat Industrial, the holding company of the non-automotive assets of Fiat SpA, recorded a net profit of 921 million euros in 2012, up 31% over the previous year, according to results presented at a shareholders' meeting on Monday. Revenue grew by 6.2% to reach 25.8 billion euros while trading profit was up 23.3% to 2.07 billion euros on the back of continued strong performance from US agricultural and construction equipment manufacturer CNH Global NV. Consequently the company is to pay out a total dividend of 275 million euros, translating into 0.225 euros per ordinary share. "In 2012, its second year after splitting from (Fiat) Auto, Fiat Industrial has met all its targets," said Chairman Sergio Marchionne. The CEO of automobile manufacturer Fiat SpA on Monday also confirmed 2013 targets of a 5% increase in revenues, a trading margin of between 8.3% and 8.5% and net industrial debt of between 1.1 billion euros and 1.4 billion euros. Fiat in 2010 spun off Fiat Industrial to hold its non-automotive activities, which include the production of trucks, commercial vehicles and buses, under the Iveco marque, as well as the non-automotive sector of its Powertrain subsidiary that develops engines and transmissions. This operation freed Fiat to prepare for a future merger with Chrysler, that it acquired control of in 2009 with an initial 20% stake that has since expanded to almost 60%. The two automakers are expected to merge before the end of 2015. Fiat Industrial became operational on January 1, 2011. Its main assets are truck and tractor makers Iveco and CNH, of which it owns around 88%. CNH is a world leader in the production of farm and construction equipment that it markets worldwide under the brands Case and New Holland. A merger with CNH could be concluded this summer, Marchionne told shareholders on Monday. "The merger operation will be subject to the necessary extraordinary assemblies and it will probably become effective in the third quarter of this year," said Marchionne. "The move will bring to a close a long process of simplification launched over two years ago. "With the merger Fiat Industrial and CNH will become a totally integrated, multinational group that is able to compete in the capital-goods sector at the highest level. "It will be one of the biggest and strongest groups in the sector, present in markets throughout the world and finally free to create its own destiny". Shares in the new unit will trade in New York, with a possible secondary listing on the Milan Stock Exchange. "Fiat Industrial shareholders will receive one NewCo (new company) share for each Fiat Industrial share held and CNH minority shareholders will receive 3.828 NewCo shares for each CNH share held," Marchionne said. "NewCo will adopt a loyalty voting structure to promote a stable shareholder base by rewarding long-term share ownership. "From a strategic viewpoint, we consider this step vital to the future growth, simplification, autonomy and efficiency of the Group".