Specific items in Q2 included a $2.1 million gain on the sale of the Elk Falls industrial site, a non-cash loss on the mandatory redemption of Exit Notes of $2.3 million and a $9.6 million non-cash loss on the effect of foreign exchange on our US dollar denominated debt. This compares with the 1Q net loss of $9.8 million ($0.89 per common share) and $11.6 million net loss before specific items.
Adjusted earnings before interest, taxes and depreciation (EBITDA) and EBITDA before restructuring costs in the 2Q were negative $0.6 million and negative $0.5 million respectively.
Revenues of $263.4 million for the quarter were up from the prior quarter, reflecting higher sales volumes for specialty uncoated, newsprint and directory, higher transaction prices for newsprint and pulp, as well as the effect of the weaker Canadian dollar. Pulp sales volume was up over the same quarter of 2012 as was the transaction price.
Catalyst Paper manufactures diverse specialty mechanical printing papers, newsprint and pulp.
