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 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)