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MoDo's profits dropped in the first quarter

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Published in issue 19/1997
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Net profits of Sweden's forest products group MoDo in the first quarter of 1997 dropped from SKr583m in the corresponding period the year earlier to SKr273m on sales of SKr5.46bn, down from SKr5.56bn. Operating profits declined to SKr438m (SKr990m), a result which is due to lower prices and to currency hedging, the ...

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