Domtar results hurt by weak paper and pulp business
TORONTO (Reuters) - Canadian paper and pulp products producer Domtar Corp (UFS.TO: Quote) reported a lower third-quarter profit on Thursday, as weakness in its paper and pulp segment offset the impact of a stronger performance from its personal care products business.
The Montreal-based company said its net income in the period fell to $27 million, or 82 cents a share, from $66 million, or $1.84 a share, a year earlier.
Excluding the loss from the sale of a business and other one-time items, the Montreal-based company said its profit in the quarter was $41 million, or $1.25 a share. That compared with a profit of $67 million, or $1.87 a share, a year earlier.
(Reporting by Euan Rocha; Editing by Gerald E. McCormick)
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