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Bowater loses $32.5M

Bowater Incorporated reported a net loss of $32.5 million or $0.57 per diluted share, on sales of $745.3 million fo…

Bowater Incorporated reported a net loss of $32.5 million or $0.57 per diluted share, on sales of $745.3 million for the first quarter of 2004. These results compare with a net loss of $71.7 million, or $1.26 per diluted share, on sales of $630.5 million in the first quarter of 2003. Before special items, the net loss for the first quarter of 2004 was $31.5 million, or $0.55 per diluted share, compared with the 2003 first quarter net loss before special items of $51.3 million, or $0.90 per diluted share.