Fortress Paper Ltd. reported 4Q 2015 operating EBITDA of C$3.3 million ($2.5 million). The Dissolving Pulp Segment generated operating EBITDA of C$1.5 million ($1.1 million) and the Security Paper Products Segment generated EBITDA of C$3.9 million ($2.9 million).

Fortress Paper reports 4Q operating EBITDA of C$3.3 million ($2.5 million)

12:56 / 三月 10, 2016

Mar 10, 2016. /Lesprom Network/. Fortress Paper Ltd. reported 4Q 2015 operating EBITDA of C$3.3 million ($2.5 million). The Dissolving Pulp Segment generated operating EBITDA of C$1.5 million ($1.1 million) and the Security Paper Products Segment generated EBITDA of C$3.9 million ($2.9 million). Corporate costs included in operating EBITDA were C$2.1 million ($1.6 million), as the company said in the press release received by Lesprom Network.

"We were pleased to report another quarter of positive operating EBITDA," stated Yvon Pelletier, CEO. "Operating EBITDA for the year 2015 was C$10.4 million ($7.8 million), a C$32.9 million ($24.8 million) improvement from the operating EBITDA loss of C$22.5 million ($17 million) for the year 2014.

“In the Dissolving Pulp Segment, our cogeneration facility operated near capacity, sales diversification and volumes improved, market dynamics became more balanced, and our margins improved due to the Canadian dollar weakening significantly against the US dollar. Improvements in mill productivity will continue to be a focus. In the Security Paper Products Segment, we experienced increases in volumes shipped, sales and efficiencies as well as reduced waste rates which translated to improved mill performance. As we enter 2016, we are encouraged with progress made in 2015 and will endeavour to build on this."

Fortress Paper operates internationally in two distinct business segments: dissolving pulp and security paper products.

Lesprom Network

Fortress Paper reports 4Q operating EBITDA of C$3.3 million ($2.5 million)

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