(Corrects gain in shares since March 6 in fourth paragraph.)
Domtar Corp. (UFS), North America's largest producer of office paper, reported a third-quarter profit of $36 million, or 7 cents a share.
The quarterly results, the third for the Montreal-based company, were announced in a statement distributed by PR Newswire.
Domtar was formed in the March merger of Domtar Inc. of Montreal and the fine-paper assets of Federal Way, Washington- based Weyerhaeuser Co. (WY) Second-quarter net income was $11 million, or 2 cents a share.
Domtar rose 13 cents, or 1.6 percent, to $8.45 yesterday in New York Stock Exchange composite trading. The shares had climbed 0.5 percent since March 6, the day before the merger was completed.
(Domtar scheduled a conference call for 11 a.m. New York time at +1-866-904-6251 or +1-416-915-8321.)
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