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Latest Business News

Norske Skog Posts 4Q Loss on Costs

Friday, February 03, 2006 7:42:47 AM

OSLO, Norway (AP) - The world's largest newsprint maker, Norske Skog, said Friday it lost 997 million kroner ($151 million) for the fourth quarter of 2005 due partly to restructuring costs.

The Norwegian group also said 2005 had been weaker than usual, with a net loss of 854 million kroner ($129 million) but that prospects for 2006 were better.

The corresponding figures for 2004 were a net profit of 193 million kroner for the fourth quarter and a net loss of 621 million kroner for the year.


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