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UPDATE 1-Paper maker UPM misses first-quarter profit expectations

2015-04-28 14:15:44| Paper - Topix.net

Finland's UPM-Kymmene , the world's largest maker of graphic papers such as magazine paper and newsprint, missed quarterly core profit expectations due to weak paper deliveries and prices. The company said on Tuesday its profit was boosted by cost cuts and favourable exchange rates, but that was offset by weaknesses in its paper and energy divisions.

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