Nordic Business Report-April 27, 2006-M-real Corporation reports 3-month operating profit of EUR35m
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Finnish paper company M-real Corporation, a subsidiary of the Finnish forest industry group Metsaliitto Group, reported on Thursday (27 April) an operating profit of EUR35m on sales of EUR1.44bn for the financial quarter January-March 2006.
Operating profit for the three-month period decreased from EUR115m, while sales increased from EUR1.34bn, as compared to the corresponding period in 2005.
M-real's second-quarter result before taxes excluding non-recurring items is forecast to be below the first-quarter level.
One euro (EUR) is worth approximately 0.69 British pounds (GBP).
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