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Aracruz improved profitability in 1999

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Published in issue 8/2000
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In 1999, the Brazilian forest products group Aracruz Celulose S.A. of Rio de Janeiro achieved a clear increase in profits. Sales amounted to $584.5m (1998: $500.6m), operating profits reached $134.3m ($1.84m). Further, the group posted pre-tax profits of $107.45m (loss: $21.86m), and net profits of $90.77m ($3.45m). ...

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