Holmen H1 profits plunge on weak paper prices and strong Swedish krona

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Holmen has seen its net profit for the first half-year 2013 plummet by 60% year-on-year to SEK274m. The group reported net sales of SEK8.35bn, a decrease of 11% from the same period a year ago. Operating profit was SEK405m, down by SEK643m. Excluding items affecting comparability – impairment losses and ...

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