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Aracruz' profits dive due to lower prices

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Published in issue 10/1997
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Due to lower sales prices profits of Aracruz, the Brasilian hardwood pulp producer, fell to US$129m in the last financial year, down from $386m in the previous period. Sales also fell, declining by almost 40% to $514m. The decline in profits was partly offset by a number of cost-cutting measures, including a reduction ...

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