Thursday, November 8, 2012

Sappi Ltd. Reports Q1 Results

Sappi Ltd. sees Q1 operating profit "weaker" than a year ago:
Financial summary for the quarter
Net profit US$107 million (Q4 2011 net loss US$127 million)
Earnings per share of 21 US cents (Q4 2011 loss per share 24 US cents)
Operating profit excluding special items US$118 million (Q4 2011 US$80 million)
Net cash generated US$203 million (Q4 2011 US$279 million)
Targeted net debt level reached a year early - US$1,979 million