Holmen's operating profit amounted to 320 million Kronor in the first quarter of 2010, compared to 415 million the corresponding period last year. Holmen Paper’s profit deteriorated considerably as a result of lower newsprint prices. The profitability in the group’s other business areas improved, however. Iggesund Paperboard’s operating profit was 163 million Kronor (73).Holmens profit after tax was 178 million Kronor (245). Earnings per share were 2.1 Kronor (2.9). Return on equity totalled 4.3 percent (6.4).
Holmen better than expected
May 6 2010 Holmen reports ar first quarter result, which is better than expected by analysts. Profit after tax was 178 million Kronor.
BREAKING