Paper maker Stora Enso in $104 million Q3 profit:
Nordic paper maker Stora Enso Oyj has reported a third-quarter net profit of 80 million but says it will slash 520 jobs to save 36 million annually.
The company had a net loss of (EURO)50 million in the same period last year, when it recorded a nonrecurring cost of (EURO)193 million. Revenue in July through September fell slightly to (EURO)2.69 billion from (EURO)2.74 million in the same period in 2011.
