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Pulp prices cause drop in ENCE profits

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Published in issue 9/2002
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The constant downward spiral in pulp prices in 2001 caused net profits of the Spanish corporate group ENCE (Empresa Nacional de Celulosa) to drop by 77% to €27.3m (2000: €120.6m). EBIT fell from €221.9m in 2000 to €76.2m in the past business year. In 2001 the company generated sales amounting to €475.4m ...

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