Mar 12, 2013. /Lesprom Network/. Fortress Paper Ltd. reported 4Q 2012 EBITDA of $0.5 million, an improvement of $6.9 million compared to the 3Q 2012. Excluding corporate costs, the three business segments' combined EBITDA was $1.1 million in the three months ended December 31, 2012. The Specialty Papers Segment contributed $9.3 million EBITDA, while the Dissolving Pulp Segment and the Security Paper Products Segment generated EBITDA losses of $3.5 million and $4.7 million, respectively. Corporate costs contributed to EBITDA loss in the amount of $0.6 million, as the company said in a press release received by Lesprom Network. Fortress reported an adjusted net loss of $5.2 million, or diluted adjusted loss per share of $0.36 for the 4Q 2012 on sales of $96.1 million. In the 3Q 2012, the Company reported an adjusted net loss of $18.1 million or diluted adjusted loss per share of $1.26 on sales of $73 million and for the 4Q 2011 adjusted net loss of $6.3 million or diluted loss per share of $0.44 on sales of $49.5 million. Fortress reported EBITDA loss of $5.3 million for the year ended December 31, 2012, compared to EBITDA of $3.3 million for the year ended December 31, 2011. Excluding corporate costs, the three business segments' combined EBITDA was $0.1 million and $11.1 million in the years ended December 31, 2012 and 2011, respectively. Despite the economic challenges and uncertainty continuing in Europe during 2012, the Specialty Papers Segment contributed a record $37.5 million EBITDA which was significantly higher than the previous year at $31.4 million. The Security Paper Products Segment generated significant losses in 2012 ($21.7 million EBITDA loss) but improved slightly compared to the prior year ($23.1 million EBITDA loss). The Dissolving Pulp Segment, which continued ramping up, generated losses of $15.7 million EBITDA loss in 2012, compared to $2.8 million EBITDA in the year ended December 31, 2011. Corporate costs contributed to EBITDA loss in the amount of $5.4 million in 2012 and $7.8 million in 2011. Adjusted net loss for the year ended December 31, 2012 was $37.4 million or ($2.60) per share (diluted). Adjusted net loss for the prior comparative period was $20.6 million or ($1.47) per share (diluted). Fortress Paper operates internationally in three distinct business segments: dissolving pulp, specialty papers and security paper products. The Company operates its dissolving pulp business at the Fortress Specialty Cellulose mill located in Canada, which is also in the process of expanding into the renewable energy generation sector with the construction of a cogeneration facility.