Pre-tax gain during July-September

Archive 11.10.1999 0:00 EEST

The UPM-Kymmene pre-tax gain on selling the shares and other assets during July-September totals approximately EUR 65 million. Of the figure, EUR 40 million comes from selling the shares, e.g. 100,000 Nokia shares and 4,799,817 Stora-Enso shares.
The pre-tax gain during July-September comprises the sold non-woven business Walkisoft. The pre-tax gain to be generated from the electricity contract sales signed in September will be booked in the fourth quarter's profit of 1999.