Breaking News

Tweet TWEET

Domtar Has Third-Quarter Net Income of $36 Million

(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.)

To contact the reporter on this story: Christopher Donville in Vancouver at cjdonville@bloomberg.net.

To contact the editor responsible for this story: Kevin Orland at korland@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.