Aug 03, 2005. /Lesprom Network/. Billerud announced its financial results for the second quarter and the first half 2005. The company reported a second quarter net profit of SEK 2 million ($0.2 million), down from SEK 35 million ($4.6 million) in first quarter and SEK 51 million ($6.7 million) in the same period last year.

In million SEK

 

2Q 2005

1Q 2005

2Q 2004

1H 2005

1H  2004

Net turnover

1 704

1 739

1 764

3 443

3 584

Operating profit

20

66

95

86

350

Operating margin

1%

4%

5%

2%

10%

Profit after financial items

3

49

74

52

309

Net profit

2

35

51

37

220

Earnings per share, SEK

0.04

0.68

0.99

0.72

4.13

Billerud is a packaging paper company with a business concept to supply customers with innovative packaging paper. A consistent concentration on attractive market segments and a strong customer focus are cornerstones of Billerud’s strategy. Billerud focuses on kraft paper and containerboard and has a world-leading position within several product segments. The company’s production units are among the most cost-efficient in Europe for these products.