UPM profits in H1 more than halved year-on-year

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UPM’s profit for the first half of 2013 more than halved compared to the same period last year. Net profit in the January-June 2013 period amounted to €161m versus €328m in 2012. Operating profit was also lower than in the first half of the previous year, falling by 15.3% to €227m. Sales similarly suffered a ...

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