Montreal: Domtar Corporation (NYSE/TSX: UFS) reported Feb. 15 a net loss of $26 million ($0.05 per diluted share) …
Montreal: Domtar Corporation (NYSE/TSX: UFS) reported Feb. 15 a net loss of $26 million ($0.05 per diluted share) for the fourth quarter of 2007 compared to net income of $36 million ($0.07 per diluted share) for the third quarter of 2007.
Sales for the fourth quarter amounted to $1.7 billion, unchanged from the third quarter 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 third quarter of 2007. The stronger Canadian dollar reduced earnings by approximately $0.02 per diluted share in the fourth quarter when compared to the third quarter 2007.
The company suspended its dividend Oct. 27, 2005. Since then, the company has divested of many Canadian assets and, last March, merged with the fine-paper unit of U.S.-based Weyerhaeuser Co.
Source: domtar.com and Montreal Gazette
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