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Devaluations burden Moelven result

Sawmill division losses compensated by other divisions

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Published in issue 46/2015
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In the third quarter of 2015, the continuing pressure on prices led at the Norwegian Moelven concern to a devaluation of stocks of lumber and planed goods totalling NKR5.2m. In the third quarter of 2014 there had been devaluation of NKR2.1m. Warehouse stocks also had to be devalued in the preceding quarters, so that ...

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