Thursday, May 10, 2012

Fibrek Posts Net Loss in Q1

Fibrek posts net loss of $23.2 million in first quarter:
Fibrek Inc. has posted a net loss of $23.2 million in its first quarter of 2012, compared with net earnings of $3.5 million in the corresponding period of 2011. Consolidated sales reached $122.1 million, a decrease of $10.0 million when compared with sales of $132.1 million in the first quarter of 2011.