Agência para o Investimento e Comércio Externo de Portugal


Portuguese paper pulp producer Altri said on Thursday its net profit rose almost five fold to 44.8 million euros ($53 million) in the first half of the year, boosted by price increases and a progressive recovery in global demand.

Sales increased 17.9% to 386.9 million euros after the company sold 595,000 tons of paper pulp, of which 96% were exported to markets outside Portugal.


The company said in a statement it took advantage of a progressive recovery in demand in most markets, accompanied by successive announcements of price increases.