(PPI Europe) -
In spite of record sales volumes, the downward trend in pulp and paper (P&P) prices and a drop in the value of energy sales weighed on The Navigator Company’s 2016 results.
The group generated sales of around Euro 1.58 billion ($1.70 billion) last year, 3.1% lower than in 2015. Navigator’s operating profit dropped by 18.6% to Euro 230.4 million, while its net earnings grew from Euro 196.4 million in 2015 to Euro 217.5 million last year.
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