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Fluctuating paper prices push down profits for Maidenhead mill

Low packaging recovery note prices, the fluctuating cost of recovered paper and higher energy costs have caused profits at St Regis Paper Company to drop for the year ending April 30, 2004.Parent company DS Smith released its preliminary results for 2003/4 this week. Overall profit before tax was up by 2% to £81.4 million. The company believed this was a robust performance despite operating in a weak paper market.St Regis produces about 1m tonnes of paper every ...