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Viscofan reports drop in profits

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Published in issue 25/1999
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The Spanish group Viscofan Industria Navarra de Envoltas Celulosicas SA registered declining net profits for the first three months of its business year ending March 31, 1999: they dropped from Ptas1.64bn to Ptas1.06bn. Pre-tax profits totalled Ptas1.23bn (Ptas1.72bn), with a sales volume of Ptas14.12bn (Ptas14.63bn). ...

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