Friday, August 3, 2012

Sappi Reports Q3 2012 Results


Operating profit excluding special items for the quarter was in line with guidance and similar to that achieved in the corresponding quarter in the prior year.
Sales for the quarter was US$1.5 billion, a decrease of 14% in US Dollar terms compared to the equivalent quarter a year ago primarily due to a stronger US Dollar which impacted the translation of the European and South African sales, and 7% lower sales volumes in Europe.