Domtar profit falls on weak pulp prices

Fri Feb 3, 2012 7:51am EST
 
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(Reuters) - Paper and pulp producer Domtar Corp's UFS.TO (UFS.N: Quote) quarterly profit fell 80 percent, hurt by weak pulp prices and lower paper shipments, and said pulp prices were expected to remain under pressure in certain geographies.

October-December net income fell to $61 million, or $1.63 a share, from $325 million, or $7.59 a share, a year ago.

Excluding items, the company earned $2.49 a share.

Sales remained flat at $1.37 billion.

(Reporting by Ankur Banerjee in Bangalore; Editing by Don Sebastian)