Domtar Corporation reported a net loss of $340 million for the 4Q 2017 compared to net earnings of $70 million for the 3Q 2017 and net earnings of $47 million for the 4Q 2016. Sales for the 4Q 2017 were $1.3 billion, as the company said in the press release received by Lesprom Network.
Commenting on the full-year results, John D. Williams, President and said, “We generated nearly $450 million of operating cash flow and continued our solid track record of rewarding shareholders with a high payout ratio while maintaining financial flexibility. Our performance, combined with our confidence in our cash flow generating capabilities, enable us to announce a 4.8% dividend increase. Looking ahead, we remain focused on maximizing long-term profitability and value creation.”
Operating loss was $512 million in the 4Q 2017 compared to operating income of $89 million in the 3Q 2017. Depreciation and amortization totaled $82 million in the 4Q 2017.
Domtar is a leading provider of a wide variety of fiber-based products including communication, specialty and packaging papers, market pulp and absorbent hygiene products.
