Swedish paper group SCA reports profit spike as company eyes Asia

SCA reported 2012 net profit of 4.956 billion kronor (570 million euros, US$760 million), up from 551 million kronor in 2011 owing to the sale of its packaging unit to the British group DS Smith for 1.6 billion euros.

SCA will focus now on increasing its presence in Asia, via the acquisition of Everbeauty, a Taiwanese company that sells hygiene products in China, Taiwan and Southeast Asia, the statement said.

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