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Myllykoski: lower market prices squeeze earnings in 2004

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Published in issue 7/2005
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Despite lower revenues, Finnish Myllykoski reported €6m higher net profits compared to 2003 amounting to €28m (2003: €20m). The increase however stems from the fact that the group’s pre-tax profits in 2004 of €20m (€32m) were valued €8m higher because of a reduction in taxes thanks to reforms in Finnish ...

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