Domtar results hurt by weak paper and pulp business

Thu Oct 24, 2013 7:59am EDT
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TORONTO Oct 24 (Reuters) - Canadian paper and pulp products producer Domtar Corp 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.