JOHANNESBURG, Nov 15 (Reuters) - South African paper and pulp maker Sappi said on Thursday that profit for the full year fell 4.4 percent as a firmer currency dampened profitability in South Africa.
The company, whose Europe and North American operations contribute 51 percent and 25 percent of Sappi’s sales respectively, said profit fell to $323 million from $338 million.
Fourth quarter profit was up 4.9 percent while sales rose to $5.8 million.
Sappi’s shares were down 0.20 percent by 0731 GMT.
Reporting by Patricia Aruo; editing by Jason Neely