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Aracruz sees net profits take a nose-dive

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Published in issue 48/2001
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Brazilian pulp manufacturer Aracruz Celulose S.A. posts another decrease in profits for the third quarter 2001 due to a continuous decline in pulp sales prices. Compared with the third quarter 2000, net profits plunged by 85% from $59.3m to $10.1m while EBITDA dropped from previously $129.7m to $53.9m, which equals a ...

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