Arctic Paper reports an EBITDA for the first six months of the year of almost PLN 91.8 million – almost double the figure for first half of 2011. Artic Paper's operating profit in the first half of 2012 was almost PLN 31.1 million, and the net profit was almost PLN 17.7 million. This can be compared to losses in the first six months of 2011.In the second quarter of 2012, demand for high-quality paper in Europe was down 3.8 percent compared to the first quarter of 2012 and down 0.7 percent compared to the second quarter 2011.In the second quarter, Arctic Paper’s sales were up 4.8 percent year-on-year but down 6.2 percent quarter-on-quarter. Orders remained stable during the second quarter.The company’s utilization of its production capacity in the second quarter was high (98 percent).The Group is continuing measures already under way to cut costs and optimize the product line.