For the 1Q 2016, net income was $8.8 million, or $0.14 per basic and diluted share, compared to $13.6 million, or $0.21 per basic and diluted share, in the 1Q 2015.
In the 1Q 2016, Operating EBITDA decreased by approximately 26% to $45.3 million from $61.3 million in the same quarter of 2015, primarily as a result of lower pulp sales realizations and the $3.2 million net negative impact of changes in currency, partially offset by lower annual maintenance costs and higher sales volumes.
Pulp production increased by approximately 4% to 377,992 ADMTs in the current quarter from 362,629 ADMTs in the same quarter of 2015, primarily due to no annual maintenance downtime in the current quarter compared to 14 days in the same quarter of 2015.
Mercer International Inc. is a global pulp manufacturing company.
