Paperlinx profit off


Sluggish European demand and the strong Australian dollar have put a dent in Paperlinx’s full-year net profit.

The company posted net profit of A$108.5 million ($77 million) for the year compared to A$132.1 million a year earlier. Despite the profit drop, revenue rose 72 per cent off the back of the firm’s A$1.1 billion purchase of Buhrmann’s paper merchanting arm.

Mt Waverley (AUS)