Domtar reports net loss of $26 million in 4Q 2007
Feb 15, 2008. /Lesprom.com/. Domtar reported a net loss of $26 million ($0.05 per diluted share) for the 4Q 2007 compared to net income of $36 million ($0.07 per diluted share) for the 3Q 2007. Sales for the 4Q amounted to $1.7 billion, unchanged from the 3Q 2007.
Feb 15, 2008. /Lesprom.com/. Domtar reported a net loss of $26 million ($0.05 per diluted share) for the 4Q 2007 compared to net income of $36 million ($0.07 per diluted share) for the 3Q 2007. Sales for the 4Q amounted to $1.7 billion, unchanged from the 3Q 2007.
Excluding the items listed below, the Company earned $29 million ($0.06 per diluted share) in the fourth quarter of 2007 compared to $44 million ($0.09 per diluted share) in the 3Q 2007. The stronger Canadian dollar reduced earnings by approximately $0.02 per diluted share in the fourth quarter when compared to the 3Q 2007.
Commenting on the financial results, Raymond Royer, President and CEO said, “In the 4Q, our results were impacted by the unprecedented run-up in the value of the Canadian dollar against the U.S. dollar and by continued pressure on fiber, chemical and energy related costs. Nonetheless, we benefited from a better supply-demand balance in our system with reduced lack-of-order downtime, paper production in sync with our shipments and pricing momentum despite the seasonally slower period of the year.”
Domtar produces of business papers, commercial printing and publication, technical and specialty papers.