UPM-Kymmene reported a second-quarter profit of 166 million euros, up from 71 million euros a year earlier. Earnings per share rose to 0.30 euros from 0.13 euros, while comparable profit increased to 177 million euros from 89 million euros. Comparable EBIT from continuing operations climbed 71% to 212 million euros, and comparable EPS from continuing operations was 0.29 euros compared to 0.16 euros. Sales edged up to 2.44 billion euros from 2.40 billion euros, with continuing operations sales at 2.355 billion euros versus 2.341 billion euros. The company expects comparable EBIT from continuing operations in the second half to be approximately in the range of 375 million to 575 million euros.
UPM-Kymmene OyjUPM-Kymmene reported a strong second-quarter profit of 166 million euros, more than double the prior year, with comparable EBIT up 71%.