Portucel-Empresa Produtora de Pasta e Papel SA (PTI), Portugal’s biggest pulp-and-paper company, said net income fell 6.6 percent to 144.1 million euros ($198 million) in the first nine months of the year.
Costs for chemicals and timber rose, while revenue increased 9.2 percent to 1.1 billion euros, the Setubal-based company said today in a regulatory filing.
Third-quarter net income was 46.5 million euros. The year- earlier figure was 63.9 million euros, according to data compiled by Bloomberg.
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