August 1, 2012 / 12:47 PM / in 5 years

Resolute posts loss, sees no improvement in pulp this year

Aug 1 (Reuters) - Resolute Forest Products Inc , which is in the midst of acquiring specialty pulp maker Fibrek Inc, reported a quarterly net loss and said it does not expected a meaningful improvement in its pulp business this year.

The net loss for the second quarter was $20 million, or 20 cents per share, compared with a net profit of $61 million, or 63 cents per share, a year earlier.

Excluding items, the company earned $30 million, or 30 cents per share. Sales were flat at $1.2 billion.

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