Sappi Reports Q2 Results

Sappi profits fall 88%:
Summary for the quarter: 

European business impacted by lower prices and higher pulp costs   
Specialised Cellulose projects on track, major shuts completed   
Profit for the period US$7 million (Q2 2012 US$58 million)

EPS 1 US cent (Q2 2012 11 US cents)
Operating profit excluding special items US$40 million (Q2 2012 US$125 million)
Net finance costs US$40 million (Q2 2012 US$51 million)
Net debt US$2,152 million (Q2 2012 US$2,133 million)