Ence improves annual result despite lower pulp output

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Spanish pulp manufacturer Ence, Energía y Celulosa (Ence) posted significantly higher earnings in 2015 despite lower sales revenue. Sales fell due to the closure of Ence’s Huelva pulp mill in October 2014. Excluding this non-recurring item, high pulp prices and growth in power generation from Ence’s different ...

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