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UPM-Kymmene's profits unexpectedly high

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Published in issue 47/1997
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UPM-Kymmene, the Helsinki-based forest products group, reported higher than expected earnings for the first nine months of the year. The group reported interim net profits of FM3.69bn (FM2.32bn) on sales of FM37.74bn (1996: FM38.29bn). Profits after financial items totalled FM4.76bn (FM2.95bn), and operating profits ...

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