Chile Copec 2012 net profit more than halved to $409.57 million

SANTIAGO, March 14 Thu Mar 14, 2013 6:42pm EDT

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SANTIAGO, March 14 (Reuters) - Chilean industrial conglomerate Copec said on Thursday that net profit fell by more than half last year on declining wood pulp prices, rising costs and a high base of comparison.

Copec's net profit tumbled 56 percent to $409.57 million in 2012 from the prior year.

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