** Shares of Navigator NVGR.LS slip around 4% after the Portuguese pulp and paper producer reported a worse-than-expected 25% fall in Q1 net profit to 48 million euros
** Renta4 analyst Pablo Fernandez de Mosteyrin notes that paper sales declined 17% y/y, penalised by both lower volumes (-8% y/y) and prices
** If losses hold, the stock will see its worst day since January
** Including the session's losses, it has dropped by 10% YTD
(Reporting by Tiago Brandao)
((Tiago.Brandao@thomsonreuters.com;))