Index du Forum

aderfp633 · Inscrit le: 27 Sep 2011 Messages: 7915 Localisation: England

{Catalyst reduces loss to $9.8 million in Q1}
Catalyst's Powell River mill churning out paper for a shrinking marketBy Jen St. DenisWed May 8, 2013 10:00am PSTCatalyst Paper reported a net loss of $9.8 million in the first quarter of 2013, an improved result compared with the $35.2 million loss the company took in the last quarter of 2012.The Richmond company reported adjusted earnings of $11.2 million,[url=http://www.moncler-sale.org]discount moncler jackets[/url], up from $7.2 million in the fourth quarter.China’s demand for pulp and higher pulp prices helped nudge the company's revenue upwards,[url=http://www.moncler-sale.org]discount moncler jackets[/url], said Catalyst CEO Kevin Clarke.“But we had much tougher conditions on the paper side of the business,[url=http://www.moncler-sale.org]moncler on sale[/url], with a 10% drop in North American demand for newsprint and a 15% decrease in directory paper,” he noted.In 2012, the company was forced to file for creditor protection, reorganize, cut workers' pay,[url=http://www.moncler-sale.org]moncler on sale[/url], and sell and close a number of mills. In January 2013,[url=http://www.moncler-sale.org]moncler down jackets[/url], Catalyst relisted its shares on the Toronto Stock Exchange. In Q1, the company also:sold its Snowflake mill in Arizona, its shares of Apache Railway and its 50% interest in Powell River Energy Inc. (PREI);distributed $12.7 million to its last outstanding creditors from the sale of PREI; andlaunched two new paper products for the newsprint and magazine market.The company expects to see further demand and higher prices for pulp,[url=http://www.moncler-sale.org]moncler sale[/url], while paper is expected to continue to decline. jstdenis@biv.com@jenstdenTags: Kevin Clarke,[url=http://www.moncler-sale.org]moncler outlet[/url], Catalyst Paper Corporation,[url=http://www.moncler-sale.org]moncler sale[/url],[url=http://www.moncler-sale.org]moncler down jackets[/url], The Toronto Stock Exchange,[url=http://www.moncler-sale.org]moncler outlet[/url], forests
_________________
People watching the forthcoming beginning of the German half of the inhabitants of Berlin are no interested in co-optation

Index du Forum -> Offres/demandes de services -> Catalyst reduces loss to $9