SCA Q4 core profit lags forecast

28 Jan, 2016


STOCKHOLM: Swedish hygiene products maker SCA posted a smaller than expected rise in fourth-quarter core earnings on Thursday on the back of 4 percent organic sales growth and cost savings, outweighing rising raw material prices due to a stronger dollar.

Adjusted operating profit at the world's second biggest consumer tissue maker rose to 3.45 billion crowns ($405 million) in the quarter from a year-ago 3.25 billion, lagging a mean forecast of 3.56 billion in a Reuters poll of analysts.

Copyright Reuters, 2016

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