Paperlinx halves 2013 loss

Packaging maker says conditions remain 'extremely challenging'.

Paperlinx (PPX) says trading conditions remain extremely challenging as it posted a narrowed loss for 2013.

The group narrowed its loss for the 12 months to June 30 to $91.6 million, a 51% improvement from its $187.4 million loss booked in the previous year.

But revenue for 2013 plunged 32% to $2.78 billion, from $3.24 billion in the previous corresponding period.

The group will not pay a final dividend.

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