The Company generated a net loss of C$28 million ($20 million) in the December 2015 quarter compared to a net loss of C$62 million ($44.3 million) in the December 2014 quarter.
The current quarter results include a non-cash loss of C$24 million ($17 million) related to the translation of US dollar denominated debt. Operating earnings before depreciation, amortization and other items (adjusted EBITDA) was C$29 million ($20.7 million) for the three-month period ended December 26, 2015, as compared to adjusted EBITDA of C$20 million ($14.3 million) a year ago and adjusted EBITDA of $36 million ($25.7 million) in the prior quarter.
Tembec is a manufacturer of forest products – lumber, pulp, paper and specialty cellulose – and a global leader in sustainable forest management practices. Principal operations are in Canada and France.
