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Aracruz reports drop in sales and profits

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Published in issue 36/1997
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The Brazilian pulp manufacturer Aracruz Celulose S.A., Rio de Janeiro, reports a decrease in its net profits for the first half of 1997 to $16.7m, down from $53.2m in the same period one year earlier. The company said that the decrease was mainly a reflection of the fall in pulp prices in international markets and of ...

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