Sappi jumps on higher profits

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SappiWoodPile1

Johannesburg - Shares of Sappi rise more than 3 percent after the South African paper maker says it swung back to profit in its second quarter on higher sales volumes and prices and increased productivity in its operations.

Shares of the company, which is also the world's top producer of the higher margin specialised cellulose, climb 3.21 percent to 36.64 rand. - Reuters


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