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Finnish paper maker UPM expects weaker first-half profit

Jan 28 (Reuters) - Finnish pulp and paper maker UPM expects weak paper prices to hit earnings in the first half of 2021, it said on Thursday after reporting a bigger than expected profit fall for the October-December quarter.

UPM said that underlying operating profit for the October-December quarter fell 27% year on year to 252 million euros ($305 million), missing the 311 million euros expected by analysts in a Refinitiv poll. ($1 = 0.8271 euros) (Reporting by Tarmo Virki in Tallinn Editing by David Goodman)

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