Resolute Forest Products posts smaller 3rd-qtr loss

Thu Oct 30, 2014 7:55am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Oct 30 (Reuters) - Canada's Resolute Forest Products Inc posted a much smaller quarterly loss, as the forest product maker's results in the same period a year ago were hurt by a non-recurring $619 million income-tax charge.

Net loss attributable to the company narrowed to $116 million, or $1.23 per share, for the third quarter ended Sept. 30, compared with a loss of $588 million, or $6.22 per share, a year earlier.

Revenue fell 3 percent to $1.1 billion. (Reporting By Manya Venkatesh in Bangalore; Editing by Simon Jennings)