ENCE returns to profits in the second quarter

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The Spanish pulp producer ENCE (Empresa Nacional de Celulosas) reports net profits of Pta789m in the second quarter of 1999. This compares to a net loss of Pta317m in the first quarter. Second quarter profits totalled Pta472m, being thus up to the full year profits of Pta416m obtained in 1998. According to the ...

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