Stora Enso profits 78.5% in the fourth quarter of 2016

From January to December, Stora Enso''s net profit reached EUR 463 million, 42.6% indentation front of 2015.
The revenues of the company from October to December were of 2.44 billion euros, indentation of 2% as compared to the same range a year earlier. Date of 2016, revenues totaled 9.8 billion euros, a fall of 2.4%.
Excluding the paper business "in structural decline," the company''s sales increased 4.5% on an annual basis, according to the balance sheet, mainly by the advancement in the production of factories Varkaus and Beihai.