UPM sales up but still makes loss

27 July 2006 — Helsinki (FIN): UPM has posted a Q2 net loss of €103 million ($130 million), compared to a net profit of €22 million in Q2 2005, mainly attributable to a reduction in the value of assets and a rise in nonrecurring items.
             
Net sales rose from €2.25 billion in Q2 2005 to €2.48 billion in Q2 2006.