Feb 17, 2012. /Lesprom Network/. Mercer International Inc. reported results for the 4Q and for the year ended December 31, 2011. For the 4Q 2011, the company had a net loss of Euro 1.8 million compared to net income of Euro 35.3 million in the last quarter of 2010 and Euro 8.4 million for the 3Q 2011. Total revenues for the three months ended December 31, 2011 decreased slightly to Euro 229.2 million from Euro 245.6 million in the same period in 2010, due to lower pulp revenues, partially offset by higher energy revenues. Pulp revenues for the three months ended December 31, 2011 decreased by approximately 8% to Euro 213.2 million from Euro 232.2 million in the comparative period of 2010, primarily due to lower pulp prices. Revenues from the sale of excess energy increased by approximately 19% in the 4Q to Euro 16 million from Euro 13.4 million in the same quarter last year, as a result of increased energy sales at all our mills. In the 4Q 2011, operating EBITDA decreased to Euro 17 million from Euro 64.6 million in the 4Q 2010. Operating EBITDA is defined as operating income (loss) plus depreciation and amortization and non-recurring capital asset impairment charges. Total revenues for the year ended December 31, 2011 marginally decreased to Euro 889.4 million from Euro 900.5 million in the same period in 2010, primarily as a result of slightly lower pulp revenues, being mostly offset by higher energy revenues. Pulp revenues for the year ended December 31, 2011 decreased slightly to Euro 831.4 million from a record Euro 856.3 million in the year ended December 31, 2010, primarily due to a weaker U.S. dollar relative to the Euro. In 2011, revenues from the sale of excess energy increased by approximately 31% to Euro 58 million from Euro 44.2 million in 2010, due to record annual energy sales at all of the company's mills. In 2011, operating EBITDA decreased to Euro 167.1 million from Euro 224.0 million in 2010. For 2011, the company reported net income of Euro 50.1 million compared to net income of Euro 86.3 million in 2010. Mercer International Inc. is a global pulp manufacturing company.