Tembec posted a quarterly loss of $99 million
Apr 30, 2010. Tembec's consolidated sales for the three-month period ended March 27, 2010 were $476 million, up from $417 million in the comparable period of the prior year. The сompany generated nil net earnings in the March 2010 quarter compared to a net loss of $99 million or $0.99 per share in the March 2009 quarter.
Apr 30, 2010. /Lesprom Network/. Tembec's consolidated sales for the three-month period ended March 27, 2010 were $476 million, up from $417 million in the comparable period of the prior year. The сompany generated nil net earnings in the March 2010 quarter compared to a net loss of $99 million or $0.99 per share in the March 2009 quarter, company said in a statement received by Lesprom Network.
Earnings before non-recurring items, interest, income taxes, depreciation, amortization and other non-operating expenses (EBITDA) was $32 million for the three-month period ended March 27, 2010, as compared to negative EBITDA of $63 million a year ago and EBITDA of $4 million in the prior quarter.
Tembec is a large, diversified and integrated forest products company which stands as the global leader in sustainable forest management practices. The сompany's principal operations are located in Canada and France.