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)
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