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Pulp prices affected ENCE's earnings

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Published in issue 24/1996
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As a consequence of the slump in sales prices Empresa Nacional de Celulosas S.A. (ENCE), the Spanish producer of eukalyptus kraft pulp, incurred net losses of Pta947m in the first quarter of the year, compared to a net profit of Pta2.03bn in the fourth quarter of 1995. The company posted an operating loss of Pta1.34bn ...

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